Brazil pork prices climb on stronger demand and wage boost
Father’s Day and early-month pay fuel market recoveryFirm demand drove up prices for live pigs and pork meat across nearly all regions surveyed by Cepea in early August, according to a recent market report.
Market players pointed to Brazil’s Father’s Day (August 10) and a seasonal rise in purchasing power following early-month wage payments as key factors behind the increase in demand.
In the SP-5 region—which includes Bragança Paulista, Campinas, Piracicaba, São Paulo and Sorocaba—live pig prices paid by processors jumped 10.5% between July 31 and August 15, reaching an average of 8.82 reais per kilogram ($1.62 US) on August 15.
As for special pork carcasses, which saw sluggish sales in July, early August brought improved liquidity. In the wholesale market of Greater São Paulo, prices rose 11.6% in the first half of the month, averaging 12.96 reais per kilogram ($2.39 US) on August 15.