Brazilian chicken exporters face less competition from the US and strong demand from the Middle East

Published 2024년 7월 8일

Tridge summary

The Brazilian Animal Protein Association (ABPA) reports a positive outlook for Brazilian chicken meat exports in the rest of 2024, driven by stronger competition with the US and increased demand from Middle Eastern countries. Brazil's chicken exports reached an average of 431,400 tons per month from January to June, a slight increase from 2023. Despite this, the value of these exports in the first half of the year was 10.3% lower than the same period in 2023, totaling 4.636 billion dollars. However, Brazil's exports to Latin American countries have seen an increase, with the best volume of exports recorded between April and June.

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Original content

By Ana Mano SÃO PAULO (Reuters) - The average of Brazilian chicken meat exports in the first six months of the year indicates a positive scenario for the remainder of 2024, the Brazilian Animal Protein Association (ABPA) said on Monday, citing stronger competition. weak with US supply and continued strong demand from traditional Middle Eastern importers. Brazilian chicken exports reached an average of 431,400 tons per month until June, 0.8% above the monthly average recorded for the entire year 2023, which was 428,200 tons, according to ABPA data. The relative absence of US chicken exporters in the market and steady sales to countries such as the United Arab Emirates and Saudi Arabia are good signs for Brazil, the world's largest chicken exporter, according to ABPA. The fact that the country historically exports more in the second half of the year is also an advantage. "With the domestic market more attractive, exports are reducing, which is a trend for the coming months and ...

Source: NoticiasAgricolas