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China and Hong Kong reduce the impact of the Russian embargo on Brazilian pork

Total exports of the sector reach 54.4 thousand tons in January


Strong increase of shipments to China and Hong Kong reduced the impact caused by the embargo imposed by Russia on Brazilian pork since December last year, reports the Brazilian Animal Protein Association (ABPA).

The most emblematic case is that of China, which in the first month of 2018 imported 13,500 tons, a result that exceeds by 122% the volume shipped to the Chinese market in January of last year. Sales generated revenues of 28.9 million dollars, 131% more than the previous year.

Hong Kong increased its imports by 23%, with 17.2 thousand tons exported in January 2018. In revenue, growth reached 27%, totaling 34.8 million dollars.

“The pig sector entered a new moment, with less dependence on sales to Eastern Europe, reducing the effects of the Russian embargo, exports to China at the beginning of the year even exceeded the average of shipments made to Russia in the first month of the last five years “, explains Francisco Turra, ABPA CEO.

In total, the Brazilian exports of pork (including all products, between natural and processed) totaled 54.4 thousand tons, a volume 15.4% lower than that registered in January 2017, with 64.3 thousand tons.

In terms of revenue, shipments from the sector yielded 111.4 million dollars in January, 19.9 percent less than the 139.1 million dollars obtained in January 2017.

Other markets also increased their imports in the first month of the year. This is the case of Uruguay, which imported 3.1 thousand tons (+ 30%); and Angola, with 2.5 thousand tons (+ 7%).

“The pork shipments should be boosted this year by sales to South Korea, which is about to open its market, according to information received from the Executive Secretary of the Ministry of Agriculture, Eumar Novacki, who is on a mission in Asia. There are also signs of interest from Peru and Mexico, “explains Turra.