In two weeks, foreign exchange revenue from fresh chicken meat already reaches 60% of the total earned in Brazil, a year ago

Published 2022년 11월 16일

Tridge summary

Between November 1st and 8th, Brazil's exports of fresh chicken meat reached 161,733 tons, marking the second-highest export volume in history with an average of 20,217 tons per day. Despite a slight decrease, the annual export volume remains high, accounting for nearly 53% of the previous year's exports. However, the average price has been on a downward trend since July, currently standing at US$2,050.49/ton, a 1% decrease from October but still around 15% higher than the previous year. This situation has led to a 43% increase in daily revenue compared to November 2021, totaling US$331.632 million, or 60% of the revenue from the same period last year. With this performance, Brazil is on track to exceed 4 million tons of fresh chicken meat exports for the year, a milestone last achieved in 2021 but achieved earlier this year if the current export rate is maintained.

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

Original content

Even if they will suffer some dilution over the period, the initial figures from SECEX/ME on exports of fresh chicken meat for the current November are auspicious. In the first eight days of the month, 161,733 tons of the product were shipped, a volume resulting from average shipments of approximately 20,217 tons per day, the second best result in the entire history of exports. With this result, only 40% of the month has passed (eight of a total of 20 working days in November), the volume exported represents almost 53% of the little more than 305 thousand tons of a year ago. The average price, unfortunately, continues in retraction. After having reached a historic record (US$2,223.31/ton) last July, it has registered consecutive declines since then. In November it is, for now, at US$2,050.49/ton, a value around 1% lower than that of last October. Even so, the current average price remains almost 15% higher than a year ago. And this, added to the increase in volume, results in an ...

Source: Agrolink