Brazil: Livestock and Products Annual
Post forecasts beef production in 2020 at 10.5 million metric tons, which is an increase of 3 percent. The increase is driven by solid exports, mostly to China and Hong Kong, and higher domestic demand. Post forecasts pork production to increase by 4.5 percent and reach a record of nearly 4.1 million metric tons, reflecting continued strong exports to China, higher domestic demand, and stable feed costs next year. The expected growth of the Brazilian economy in 2020 by over 2 percent, with declining inflation and unemployment rates, and higher consumer purchasing power, supports optimism in the animal protein sector in Brazil. However, trade dispute between the United States and China and exchange rate fluctuations remain uncertainties for the industry.
