Chicken/Cepea: Weak demand in Brazil puts pressure on prices in March
Frozen Whole Chicken
Meat
Brazil
Market & Price Trends
Published Mar 28, 2024
Tridge summary
The article highlights a general decline in the average prices of most poultry products in March compared to February, primarily due to a decrease in demand and low liquidity. Despite this overall trend, there was a notable exception in the broiler chick market, which experienced an increase in prices. This rise is attributed to a surge in demand, especially from the industry, which is keen on expanding chicken housing to keep up with the robust external demand for Brazilian chicken meat exports.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.
Original content
The average prices of most poultry products are ending March below those recorded in February. According to Cepea researchers, the drop is mainly due to the weakened demand for meat and the consequent low liquidity observed throughout the month. In the broiler chick market, the increased demand for the animal has boosted values. According to agents consulted by Cepea, the upward movement may be linked to the industry's interest in ...
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