The Brazilian meat sector is gaining access to the Iranian market by indirect exports via Turkey, despite US sanctions.

Brazil’s National Supply Company (Conab) last week reported a decrease in soybean production of 4 million tonnes from the record crop-cycle last year, from 119.3 mln to 115.3 mln tonnes of soybeans.

After a slow start to the year, wholesale prices of pork and poultry rose sharply in the second week of February as demand improved.

Brazil is set to increase its basic import tariff for whole or skimmed milk powder from the EU, in order to offset the withdrawal of anti-dumping duties, Brazilian president, Jair Bolsonaro, announced this week.

Brazil reported a fall in livestock slaughterings in the final quarter of 2018 reversing some of the gains seen earlier in the year.