Philippine Pork Imports Pause Brazil

Philippines suspends pork imports

Philippines suspends pork imports, expected to drain cash from brazilian hog farmers and erode profit margins at exporting companies.

Brazilian farmers report losses

Brazilian hog farmers sell meat below production costs, with costs at r$6.30 to r$6.40 per kilogram versus sales prices of r$5.20 to r$6.00.

“we are currently operating at a loss. the cost of producing a kilogram is around r$6.30 to r$6.40, while sales prices have ranged from r$5.20 to r$6.00 per kilogram, depending on payment terms and the region of the state”

Philippines market share drops

Philippines accounted for 26% of brazilian pork exports through october, down from two consecutive years of strong results.

Lorenzi seeks resolution

Santa catarina association of hog farmers president losevânio luiz de Lorenzi hopes for a delegation led by president luiz inácio lula da silva to resume purchases after 60-day period.

“in 2024 and 2025, we had good margins. producers were able to make up for some of the losses from the previous crisis and get their finances back on track. now we’re facing another squeeze”

JBS global CEO warns margins

Jbs global ceo gilberto tomazoni says pork sales will affect margins globally, but live hog business has smallest impact on company revenues.

“pork is under pressure worldwide. we have markets where we can sell, but at lower prices. so this will naturally affect margins”

Global pork supply outlook

U.s. department of agriculture forecasts global pork production decline in 2027, with brazil remaining competitive for philippine imports.