Brazilian pork exports start 2015 lower

In the first three months of 2015, Brazil exported 18% less pork than in the same period last year, according to BPEX. This came despite it being one of the few major pork exporters which still had access to the Russian market. While this led to strong growth in shipments and much higher prices in the second half of 2014, by the turn of the year the situation had changed. The economic problems in Russia, driven by the depreciating rouble and low oil prices, meant that its willingness to pay inf