The Brazilian pork market observed a decline in prices in early March due to reduced demand. While January shipments decreased slightly, February saw record high exports and revenue, as reported by Cepea and Secex.
In the initial two weeks of March, Brazil’s pork market experienced a decline, as reported by Cepea. The decrease in prices was attributed to diminished demand, resulting in lower quotations for both live swine and pork meat. Purchasers have shown a reduced pace in new transactions due to the insufficient liquidity in pork meat sales.
While Brazil’s pork meat shipments saw a slight decrease in January, the figures rebounded in February. Notably, both the quantity of pork meat exported and the revenue generated from these trades reached a record high for February, according to the historical data from Secex, which has been monitored since 1997.
The decline in the Brazilian pork market during March highlights the challenges posed by reduced demand, alongside a noteworthy recovery in export figures in February. The market dynamics are reflective of broader trends in supply and demand, particularly impacting pricing and sales activities in the pork industry.
Original Source: www.thepigsite.com
