Brazil: National poultry sector expects growth in 2023

Despite the challenging global scenario – with the risk of a recession influenced by major world economic powers – and uncertainties related to the national situation, the prospects for the Brazilian poultry market are positive for 2023. Industry agents consulted by Cepea are optimistic, based on the possibilities that meat shipments remain high and domestic demand is heated. In Brazil, consumption of chicken meat may remain firm, in view of low economic growth and high inflation, which should keep the purchasing power of the population weakened. On the external front, the ABPA (Brazilian Association of Animal Protein) estimates an 8.5% increase in meat exports, which could total 5.2 million tons, which would be a new record for the sector. On the supply side, calculations made by Cepea show ...