Brazil eagerly awaits surge in Asian demand to pig meat
Brazil’s pig industry is eagerly awaiting the foreseen surge in demand to pig meat from China. Currently, Brazil is not really feeling the effects of the African Swine Fever crisis in Eastern Asia yet. Although prices grew over the first 6 months of 2019 by 70%, in July the prices dropped again by 15.6%.
The main reason for this phenomenon is that prices are still on ‘speculation’ levels and that the demand has not really started increasing. As a result, the generalised expectations of a non-stop increasing margins for Brazilian pig meat and quotes have started to drop.
By Daniel Azevedo via Pig Progress