Paraguay's pig farming sector recorded a significant drop in the price of live hogs this week, reaching G. 9,700 per kilogram — the lowest level since 2023. The Paraguayan Pig Breeders Association (Appc) attributes this decline to an unfavorable regional and global context, influenced by factors such as export blockades, sanitary outbreaks, and shifts in demand.
Delia Núñez, general manager of the Appc, explained that the current price represents a decrease from the previous rate of G. 10,000 per kilogram, although in January 2023 the price was even lower, at G. 9,400. She noted that dollar exchange rate fluctuations can distort price perceptions, as the U.S. currency has experienced significant swings in recent years.
The regional market is heavily influenced by major players such as Brazil and China, the latter being one of the largest consumers and key purchasing decision-makers. Núñez stressed the importance of diversifying Paraguay's export markets, highlighting the Republic of China (Taiwan) as the primary destination, accounting for 60% to 70% of the country's pork exports and paying higher prices compared to other markets such as Brazil and Uruguay. The Philippines is also beginning to emerge as a new buyer.
Despite the current scenario, the sector maintains growth prospects, focusing on expanding production, improving efficiency, and consolidating presence in demanding markets, which would contribute to generating foreign currency, creating jobs, and boosting the local economy. Domestic pork consumption in Paraguay has also grown, rising from 3 to 9 kilograms per capita over the last decade, although it remains below the regional average.