Wholesale chicken meat prices in Brazil dropped in July on weak demand

The chicken meat market in Brazil showed mixed behavior in July, with firmer prices for live chicken and a significant drop in wholesale prices. Fernando Iglesias, analyst at Safras & Mercado, highlights that the first half of the month was positive, with an increase in prices and a strong pace of exports, in addition to an adjusted supply. However, Iglesias points out that the second fortnight brought challenges for Brazilian poultry farming. Weakened demand resulted in a drop in wholesale prices in São Paulo. “It is crucial to consider that Newcastle Disease could further impact the Brazilian market, especially if the embargo persists beyond what was anticipated,” noted Iglesias. The Safras & Mercado survey revealed variations in the prices of chicken cuts in São Paulo throughout the month of July. At wholesale, the price of frozen breasts fell from R$9.60 to R$9.30 per kilo, thighs from R$6.70 to R$6.50 and wings from R$10.10 to R$ 9.25. In distribution, the price of the breast ...