Due the ban of American and European products from Russia, the exportation of Brazilian Pork Meat has boosted to this country in 2014.
In August of this year the increase was 16.2% in volume, but in terms of revenue the increase was 82.5% for the same period of the last year.
Here is the graphic of the main market of the Brazilian Pork Meat from January to August of 2014, the data are from the Brazilian Association of Animal Protein ( ABPA).
Soya farmers in Brazil, are set to boost the production to a record for a third straight year, it may jump 7.3% to 92.4 million metric tons (Conab forecast) and triggering the biggest global surplus ever.
As consequence the soybean prices have tumbled into a bear market in the past 5 months, touching a 4 year low, leaving some growers unable to find buyers.
According to Mato Grosso Institute of Agricultural Economics, to produce a 60-kilogram bag of soybeans costs nowadays about 46 reais (€14.5), however the buyers are offering 39 reais (€12.31) a bag for delivery in March, after the harvest.
Source : Bloomberg
Sugar will probably face the first shortfall in years, the main reason is Brazil, which accounted for 28% of global output last year and 57% of exports, which is facing the driest summer in at least 7 decades in the Center South region, damaging the crop and leaving the global sugar output in deficit.
The forecast is that the global sugar output will be 900,000 metric tons below demand in the 12 months ending Sept. 30.
This shortfall could be worst as more cane is used to make ethanol, which is offering better returns due the growing domestic demand for fuel in Brazil.
However the global demand of Sugar will reach a record 167.6 million tons in the year ending Sept. 30, extending two decades of increases that saw consumption surge 48%, according USDA.
The price of raw sugar has advanced 13% since the end of January.