Brazil Export to China growing
Companies are expected to recover under a more stable corn supply and counts on China to continue to boost Brazil's exports, particularly of poultry. The Asian nation bought 451,000 t of chicken from Brazil in the year through November, 63% more than in the same period the previous year. ABPA believes that recent bird flu cases in parts of Europe could also favor Brazilian exports to some Asian markets that used to source from the region.
China, including Hong Kong, imported 235,000 t of pork from Brazil in the year through November, compared with 113,000 t in the same period in 2015. The association is projecting an increase of 3% to 5% in poultry shipments next year. Pork exports are seen rising by up to 5%.