Brazil: Chicken meat loses a position in the exchange rate

Accumulating a revenue increase of around 30% compared to the first 11 months of 2021, chicken meat exported by Brazil this year generated the equivalent of 2.65% of Brazilian foreign exchange revenue, a share 8.13% higher than in the same period last year. Even so, it fell one position in the exchange rate, and is now in the penultimate position among the 10 main products exported by the country so far. It seems to be the definitive position in 2022. But what draws attention is that the drop in position observed was caused by the main raw material for chicken meat, corn. Which, from the 14th position a year ago, jumped this year to the sixth position, generating foreign exchange revenue this year more than 200% higher than that of the same 11 months of 2021. As foreign sales of the grain remain firm (unlike meat, ...