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Brazil pork exports grow 19 percent by volume in May
Story Date: 6/14/2012
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Source: Bob Moser, MEATINGPLACE, 6/13/12
Brazil's pork exports rebounded from a weak April to register revenue and volume gains in May over the same month in 2011, aided by a favorable devaluing of Brazil's currency that helped offset ongoing losses in Russia and Argentina.
Brazil exported 53,404 metric tons of pork in May totaling US$138.4 million in revenue, registering growth of 18.7 percent and 9.3 percent, respectively, from the same month a year ago, according to data released Tuesday by Brazil's pork processors and exporters association, Abipecs.
For the year thus far, sales are up 5 percent by volume (224,870 tons), but have dropped 0.7 percent in total revenue (US$579 million). The average value per ton of pork regressed nearly 8 percent in May (US$2,591), a loss offset by a depreciation of the Brazilian currency that helped exporters earn more per ton in sales abroad.
The growth in May should be considered impressive because of the ongoing lost opportunities from the Russian trade embargo, which has lasted one year, and a more than 90 percent drop in sales to Argentina from trade complications since February, Abipecs said.
Sales to Russia fell 12.5 percent by volume in May (13,814 tons) compared to the year prior, and 17.6 percent by revenue (US$41.49 million). Sales to that market through the first five months of this year are down 47.5 percent by volume and 48.6 percent by revenue (US$134.4 million) compared to the same span in 2011.
Brazilian pork sales to Argentina have almost vanished completely. Sales in May dropped nearly 100 percent for both volume and revenue compared to the year prior, registering 94 tons and US$195,000. For the year thus far, exports there are down 64.8 percent by volume and 62.3 percent by revenue.
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