Brazil: Exports of chicken meat and eggs soar in October, volume and revenue set records

Published 2024년 11월 12일

Tridge summary

In October 2024, Brazil hit record highs in chicken meat and egg exports, with a 15.4% increase in chicken meat sales and double the egg exports of the previous year. The USDA credits this growth to competitive pricing and Brazil's disease-free status. Despite this, there was a 4.4% decrease in chicken meat exports in October compared to September. Strong domestic demand has led to a rise in chicken meat prices, but an increase in corn and soybean meal prices has reduced the purchasing power of São Paulo poultry farmers. Egg exports saw significant growth, particularly in industrialized eggs, with Chile being the main recipient.

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

Original content

In October 2024, Brazilian exports of chicken meat and eggs reached record levels in both volume and revenue, compared to the same month of the previous year, according to the most recent data from the Center for Advanced Studies in Applied Economics (Cepea), at the University of São Paulo (USP). The information, obtained from the Secretariat of Foreign Trade (Secex), reveals a 15.4% increase in chicken meat sales, which totaled 463.5 thousand tons. Egg exports doubled, reaching 2,000 tons, the best performance since August 2023. In October, Brazil shipped 463,500 tons of fresh and processed chicken meat, representing a growth of 15.4% compared to the same month in 2023. In the accumulated period from January to October 2024, the exported volume reached 4.38 million tons, an increase of 2% compared to the same period in 2023. According to the United States Department of Agriculture (USDA), the increase in Brazilian chicken meat exports is attributed to a combination of factors, ...

Source: Portal Do Agronegocio