Meat market Brazil's production costs rose significantly
In November, ICPSuíno reached 387.07 points, + 9.67% in relation to October, and establishing a new nominal record for the index. ICPFrango closed November at 345.57 points, + 5.11% compared to October. It is also the new nominal record for the index created in 2011 by Embrapa and Conab to measure the monthly variation in production costs.
The increase in ICPSuíno was driven, again, by spending on animal nutrition (which increased 9.44% in October and 45.23% in 2020). In the year, the general cost of pig production has already increased by 50.35% and, in the last 12 months, by 53.61%. The cost per kg of live pig produced in a full cycle system in Santa Catarina increased by another R$ 0.60 in the last 30 days, from R$ 6.17 in October to R$ 6.77 in November.
ICPFrango now accumulates a 41.44% increase in 2020 (and 41.43% in the last 12 months). Poultry nutrition (3.64%) was the item that rose the most in the past month. As a result, the cost of producing a kg of live-cut chicken in Paraná increased from R$ 4.25 in October to R$ 4.47 in November.
The states of Santa Catarina and Paraná are used as a reference in the calculations because they are the largest national producers of pigs and broilers, respectively.