Russia buys more Chilean pork and pays 60% more for it

The continued restructuring of global pigmeat trading patterns in response to the trade restrictions placed by Russia on supplies from the EU, US and Canada, has delivered a 19% third quarter rise in exports for producers in Chile, according to BPEX.

After a poor first six months to 2014, Chile’s third quarter surge was driven by increased shipments to Russia, at almost double the volumes achieved in 2013.

As such, Russia now accounts for 28% of Chile’s total exports, although exports to Japan and the EU are both down on last year.  

The latest figures from Chile also reveal, however, that Russian importers are having to pay more for their south American-sourced product, in fact some 60% more during the third quarter than they paid in 2013. 

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