Booming Domestic Market to Satisfy Production Supply08 April 2013
BRAZIL - According to the Brazilian Ministry of Agriculture, Livestock and Supply (MAPA), the forecast increase in Brazilian beef production for the year ahead is expected to be consumed at home, write market analysts at Meat and Livestock Australia.
Overall demand from Brazilian consumers is expected to be buoyed by a rapidly expanding middle class and strong economic conditions.
The domestic consumption of poultry meat in Brazil for 2013 is forecast to account for 68.3 per cent of total production, while beef and pork consumption will account for 84.8 per cent and 85.4 per cent of production respectively. In 2012, domestic beef consumption accounted for 82 per cent of total production, which totalled 9.4 million tonnes (ABIEC).
According to MAPA, Brazilian chicken production is forecast to have the largest growth in the next decade, expanding 79 per cent, to 23.7 million tonnes in 2023. In contrast, beef and pork production are expected to rise 61 per cent, to 13.6 million tonnes cwt and 56 per cent, to 5.3 million tonnes respectively.TheCattleSite News Desk