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    Home > Food News > Food Articles > Oversupplied Paraguayan pork prices fall to lowest in Latin America

    Oversupplied Paraguayan pork prices fall to lowest in Latin America

    • Last Update: 2022-09-07
    • Source: Internet
    • Author: User
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    Pig farming pork prices
     
    Paraguay's "El Pais" reported on August 31, according to Jorge Ramírez, head of the ACCP, due to the oversupply of domestic and international pork, the export price of Paraguayan pork has increased from 1 per cent in January this year.
    At US$1.
    4 per kilogram, it fell to US$1.
    25 per kilogram in August, the lowest price in Latin America
    .
    At the same time, domestic pig farmers are operating at a loss due to high production costs
    .
    In the process of raising pigs, farmers invest about 11,000 guaranis per kilogram in each pig, while the price of pork is only 8,500 guaranis per kilogram
    .
     
    Barra pork not only fell in export prices, but also in the domestic market
    .
    At present, the domestic pork price has dropped to an average of US$0.
    94 per kilogram, with slightly different prices in different regions
    .
    In Paraguay's pork production, farmers responsible for export and domestic sales are divided into two parts.
    Small and medium-sized farmers serve the domestic market, and the fall in pork prices has dealt a big blow to them
    .
     
    Ramirez added that while the price of corn, which is used as a basic feed for hogs, has fallen, giving farmers a small respite, the price of corn has also been unstable
    .
     
    Apart from Paraguay, countries with the most competitive pork prices in Latin America as of Aug.
    26 included Uruguay ($2.
    13 per kilo), Colombia ($2.
    03 per kilo) and Chile ($1.
    93 per kilo), according to ACCP data
    .
    Elsewhere, prices in China, Russia and Mexico were $3.
    14, $2.
    07 and $1.
    94 per kilo, respectively
    .
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