USDA forecasts Brazil's meat exports in 2023 to reach a record

Highly pathogenic avian influenza outbreaks in North America and Europe, rising energy prices in the EU and production disruptions in Ukraine have reduced competitors' exportable supplies and ability to price competition. These events allow Brazil to benefit from solid global demand as consumers seek lower-priced animal protein amid food price inflation. Furthermore, Brazil exports a wide range of products (including poultry and chicken breast cuts) to serve many markets. For example, Brazil is a major supplier of halal products to the Middle East, which is forecast to see strong demand in 2023. Brazil will remain the world's top exporter, accounting for more than a third of exports. Global. Brazil's beef exports in 2023 are forecast to grow by about 1% and the country will maintain its position as the top exporter, accounting for about 25% of beef exports to major markets. China is expected to remain Brazil's largest export market despite a decline in total beef imports due to ...