Brazil: Poultry farmers’ purchasing power recovers as costs fall and chicken prices rise

Poultry farmers in São Paulo have experienced a recovery in purchasing power, according to a survey by the Center for Advanced Studies in Economics (Cepea). This recovery is due to the devaluation of corn and soybean meal in the domestic market in December, coupled with an increase in live chicken prices. The recovery comes after three months of an unfavorable exchange rate between cereal and chicken for producers. The heated demand in the chicken market, driven by end-of-year festivities, has led to meatpacking plants showing interest in purchasing new batches of live chicken, which has helped to increase profitability for poultry farmers.