Brazilian pork exporters are continuing to benefit from their country being one of the few to still have access to the Russian market, according to AHDB Pork.
During the third quarter of 2015, for example, Brazil’s pork exports to Russia increased by 74%, a surge in trade which was helped by the ongoing depreciation of the Brazilian currency, the real, which has made the country’s pork more price competitive than previously.
In terms of its wider impact on the world pork market, Brazil also secured a 6,100-tonne increase in third quarter exports to Hong Kong and saw the beginnings of progress in China.
“China has become a market for Brazil,” said AHDB Pork, “albeit a small one so far.
“Exports for the first nine months of 2015 have totalled 2,200 tonnes. Over 80% of this came in the third quarter, with Brazil finally being able to make inroads into this market.”
AHDB Pork also added that Brazil’s trade with China “has the potential to expand in the future.”