Brazil: Livestock and Products Annual

  |   Attaché Report (GAIN)

Post forecasts beef production in 2021 at 10.5 million metric tons, which is an increase of 4 percent. The main drivers are solid exports, mostly to China, and improved domestic demand. Post also forecasts pork production to increase by 4.5 percent and reach a record of nearly 4.3 million metric tons, reflecting continued strong exports to China, improved domestic demand, and stable feed costs next year. The optimism behind this outlook reflects a recovery of the Brazilian economy, currently projected to grow 3.5 percent in 2021, with continued lower inflation, a stable unemployment rate, and improved consumer purchasing power. Fluctuations of the exchange rate, fragile world economic recovery and a resurgence of coronavirus infections are uncertainties in the animal protein industry.

Brazil: Livestock and Products Annual

Related Reports

Attaché Report (GAIN)

Thailand: Rice Price - Weekly

Rice export prices increased slightly despite the weakening of the Thai baht.
Attaché Report (GAIN)

South Korea: Grain and Feed Update

This report provides updates to the Korea Rice Production 2022 report issued by FAS/Seoul on June 28, 2022, based on new data released by the Korean Ministry of Agriculture, Food, and Rural Affairs (MAFRA) in December 2022.
Attaché Report (GAIN)

China: Offloading Old Stock Rice Through Annual Auction

The People’s Republic of China (PRC) will re-start old crop rice auctions for feed use beginning in March 2023 to rotate out older stocks, to provide grain alternatives, and to temper rising feed grain prices.