Brazil: Chicken meat shipments in the first 11 months of the year are 6.5% higher than those in the same period in 2022

A double and even greater decline, however, is observed in foreign exchange revenue. It totaled US$665.3 million, a result that meant drops of 6.5% and 12.7% compared, respectively, to the previous month and the same month of 2022. Reflecting a continuous drop in the average price of the product, this was the worst financial result in the last 21 months, that is, since March 2022. This, in North American currency because, when converted into the real, it is the weakest result in almost two and a half years. Also in terms of volume, November's performance was the weakest in the last 12 months. But, as AviSite noted at the beginning of the month, at this point in the year, importers already have stocks built up for the festive period. Therefore, the decrease in shipments during the period is a natural occurrence. With just one month remaining until the end of the year, the total shipped – something around 4.560 million tons – shows an increase of around 6.5% over the same period in ...