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Cepea, April 17, 2024 – The limited supply from cattle farmers and the demand increase from meatpackers now allowed to export beef to China have been leading to a decrease of the gap between fed cattle prices in São Paulo (CEPEA/B3 Index) and most regions surveyed by Cepea.
Among the 28 areas released daily by Cepea, the price gap reduced in 20, indicating an important adjustment in the price formation.
In the first days of April, the CEPEA/B3 Index for fed cattle (São Paulo State) has averaged BRL 228.17 per arroba, decreasing 2% compared to March. Values in other areas; however, have moved up in the same comparison.
In Campo Grande (MS), for instance, quotations in the partial of April are 3% higher than the average in March. Therefore, the price gap (compared to the CEPEA/B3 Index) dropped 39% from March to April. In Três Lagoas (MS), the price gap is 32% lower than in March and in Cassilândia (MS), the decrease is 28%.
SWINE – After registering a good performance in February, the volume of pork meat (in natura and processed products) exported by Brazil and the revenue obtained with sales to the international market dropped significantly in March and they are the lowest since February 2023.
According to data from Secex, Brazil shipped 90.7 thousand tons of pork meat in March, 6.3% less than in February/24 and 14.3% below the volume verified in March 2023. Still, in the first quarter of this year, exports totaled 286 thousand tons, 5.3% more compared to the same period last year and a record for the period, considering Secex series, which has started in 1997.
The revenue, in turn, amounted BRL 953.2 million in March 2024, downing 6% in relation to February and 25.9% against March/23. In the first quarter of this year, Brazilian exporters received BRL 2.9 billion, for a decrease of 11.8% compared to that registered in the same period of 2023.
The lower volume shipped in March is linked to the demand decrease from major importers in Asia, such as China (-26.6% from February to March) and Singapore (-22.9%). Mexico also reduced its demand from Brazil. After finishing 2023 among the 11 biggest importers of the Brazilian pork meat, the country purchased only 25 tons in the first quarter of 2024.
POULTRY – After two consecutive months of decreases, both the volume of chicken meat sold to the international market (in natura and processed products) and the income obtained with shipments moved up again in March.
According to data from Secex, 418.1 thousand tons of chicken meat were exported in March, 5.2% up compared to that in February/24, but still 18.7% less than in March 2023. In the first quarter of this year, Brazil shipped 1.2 million tons, downing 7.2% against the same period of 2023.
The income obtained with international trades was BRL 3.7 billion in March, for an increase of 6.7% compared to February/24, but 26.6% less than in March/23. In the first quarter this year, exporters received BRL 10.6 billion, moving down 20.6% in relation to the same period of 2023 – data from Secex.
Shipments to China dropped 7.4% from February to March; however, the national sector continues positive, since new meatpackers are now allowed to export the product to China.
(Cepea-Brazil)
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Fonte: Cepea