Brazil: Balanced supply and good replenishment support possible adjustments in chicken prices

The Brazilian chicken market recorded a week of mixed prices, both for the kilo of live chicken and for cuts traded in wholesale and distribution. According to Safras & Mercado analyst Fernando Iglesias, the scenario of balanced supply and good replenishment throughout the production chain, present in several regions of the country, creates favorable conditions for possible price adjustments in the short term. Iglesias also highlighted the volatility of the dollar, which once again operated unstable, reaching the R$6.00 mark. This movement favors the flow of exports, but may increase costs and impact the margins of pork producers. In the wholesale market, prices remained stable during the week, with market agents expecting higher prices for the end of 2024. The analyst emphasizes that chicken consumption tends to be driven by greater capitalization by families, end-of-year festivities and the attractiveness of the product compared to other meats, such as beef. According to a ...