Swimming against the tide ๐
Jan 26, 2023๐ง๐ท Despite global economic uncertainties, companies within Brazil's swine sector actually expect an increase this year! According to market reports, projections point towards a boost in production, as well as in domestic and international demand for Brazilian pork.
• The main factor surrounding the expectations is that inflation could climb and thus lower purchasing power. That, in turn, could boost domestic demand for pork, since it’s more competitive than both beef and chicken meat.
๐ However, high production costs due to high input prices may continue to pressure Brazilian swine producers' margins – especially those who operate in the independent market. Click here for more information on the situation there!