Brazil: Chicken meat loses a position in the exchange rate

Published 2022년 12월 6일

Tridge summary

Brazil's chicken meat exports have seen a significant increase in revenue, with a 30% rise compared to the first 11 months of 2021, contributing 2.65% to the country's foreign exchange revenue, marking an 8.13% increase from the previous year. Despite this, it fell to the second last position among the top 10 exports. The main reason for this shift was corn, which surged from the 14th position in 2021 to the 6th position in 2022, generating over 200% more foreign exchange revenue than the same period in 2021. The export volume of corn is projected to exceed 40 million tons in 2022, accounting for around 37%-38% of the estimated production for the year's harvest.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Accumulating a revenue increase of around 30% compared to the first 11 months of 2021, chicken meat exported by Brazil this year generated the equivalent of 2.65% of Brazilian foreign exchange revenue, a share 8.13% higher than in the same period last year. Even so, it fell one position in the exchange rate, and is now in the penultimate position among the 10 main products exported by the country so far. It seems to be the definitive position in 2022. But what draws attention is that the drop in position observed was caused by the main raw material for chicken meat, corn. Which, from the 14th position a year ago, jumped this year to the sixth position, generating foreign exchange revenue this year more than 200% higher than that of the same 11 months of 2021. As foreign sales of the grain remain firm (unlike meat, ...

Source: Agrolink