Chicken/Cepea: Tension in the Red Sea worries the national poultry sector in Brazil

Published 2024년 3월 22일

Tridge summary

In the first two months of 2024, Brazil saw an 18% increase in chicken meat exports to most Middle Eastern countries compared to the same period in the previous year. However, exports to Saudi Arabia and the United Arab Emirates experienced a slight decrease of 1.3% compared to the last two months of 2023. There was a significant drop in exports to Yemen and Egypt, potentially due to Red Sea tensions. Brazil remains the largest global supplier of Halal chicken meat to the Middle East.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Brazilian shipments of chicken meat grew in the first two months of this year to most Middle Eastern countries. Cepea researchers point out that, however, shipments of the national protein to territories close to the Red Sea have fallen this year. Exports to the main destinations for Brazilian chicken meat in the Middle East, Saudi Arabia and the United Arab Emirates, fell slightly by 1.3% comparing the volume from January to February 2024 with that from the last two months of 2023 (November and December) , but they advanced a significant 18% compared to the first two months of last year, according to data from Secex. Together, Saudi Arabia and the United Arab Emirates received 145.9 thousand tons of chicken meat this year, corresponding to 18.2% of the volume shipped by Brazil to all destinations in the first two months. On the other hand, Brazilian exports to Yemen and Egypt decreased significantly in the first months of this year, which may be linked to tension in the Red Sea. ...

Source: NoticiasAgricolas