Wholesale pork prices in Greater São Paulo averaged BRL 8.41 per kilogram in July, down 1.9% from June, as supply outpaced demand, according to Cepea.
Market participants attributed the decline to an influx of hogs from southern Brazil into the São Paulo market.
Beef prices also fell over the period, with the decline more pronounced than for pork, while chilled chicken prices remained stable. As a result, pork became more competitive relative to chicken but less so relative to beef.
