BRAZIL EXPORTS RECORD AMOUNTS OF OIL, COTTON AND PORK IN DECEMBER
(Adds data, comments from analysts) SAO PAULO/RIO DE JANEIRO, Jan 2 (Reuters) -
Brazil exported record monthly volumes of oil, cotton and pork in December, as the country ramps up oil production and Chinese demand for meat boosts Brazilian animal protein industry, official data showed on Thursday.
Brazil exported 8.72 million tonnes of crude in December, more than double the amount shipped a year ago and the highest monthly volume ever, surpassing the previous record posted in July 2018. Oil exports for the whole year reached 64.6 million tonnes, 9% more than in 2018, as production from the vast pre-salt oil fields increase.
"As pre-salt oil production grows, and since local refining is stabilized, the trend is towards export records month after month," said Thadeu Silva, an oil analyst with broker INTL FCStone.
Decio Odone, the head of oil and fuels regulator ANP, said a large part of additional oil offer in the global market in coming years will be sourced from Brazil.
"By the end of this decade Brazil will be among the five largest producers and will be a large exporter," he said.
PORK, COTTON, CORN
Pork meat exports reached a record in December, at 65,900 tonnes, and jumped 15% in 2019 to 635,500 tonnes, boosted by Chinese demand amid the African swine fever outbreak that decimated China's pork industry.
Beef exports have also benefited from Asian demand, growing 12% in 2019 to 1.52 million tonnes. Cotton exports were a record both for December and for the full year.
Brazil shipped 278,000 tonnes of the fiber last month, and 1.55 million tonnes in 2019. Production has been growing for the last two years, and Brazilian farmers were also favored by the additional import tariff China imposed for U.S. cotton.
Corn exports reached 44.9 million tonnes in 2019, an all-time high.
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