Tensions in the Red Sea impact exports of Brazilian chicken meat to the Middle East

Published 2024년 3월 22일

Tridge summary

Despite a slight drop in the last two months of 2023, Brazil's chicken meat exports to most Middle Eastern countries, including Saudi Arabia and the United Arab Emirates, have grown by 18% in the first two months of 2024 compared to the same period in the previous year. However, exports to Red Sea territories such as Yemen and Egypt have significantly decreased, possibly due to regional tensions. This trend is causing concern among Brazil's national poultry sector, as the country is the main 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

In the first two months of this year, Brazilian shipments of chicken meat to most Middle Eastern countries showed growth. However, shipments to territories close to the Red Sea registered a drop, worrying Cepea researchers. According to data from Secex, exports to the main destinations for Brazilian chicken meat in the region, Saudi Arabia and the United Arab Emirates, fell slightly (1.3%) compared to the last two months of 2023, but showed a significant increase (18% ) in relation to the same period of the previous year. Together, these nations received 145.9 thousand tons of chicken meat, representing 18.2% of the total exported by Brazil in the first two months of the year. On the other hand, exports to Yemen and Egypt decreased significantly in the first months of 2024, possibly related to tensions in the Red Sea. Between January and February 2024, shipments of Brazilian chicken meat to Egypt totaled 13.1 thousand tons, a drop of 28.7% compared to the last two months of 2023 ...

Source: Portal Do Agronegocio