Brazil: Gross Production Value of chicken in 2023 tends to be just 5% above pre-pandemic levels

According to the most recent projections from the MAPA Agricultural Policy Secretariat (values deflated by FGV's IGP-DI from last September), the Gross Production Value (VBP) of chicken in the current financial year should be around R$86.6 billion. This is a lower value than in the last two years (a drop of 6.19% over 2023 and 8.57% over 2022), standing just 5% above that recorded in 2019, the pre-pandemic year. It may not correspond to the desired performance, but it represents a better result than that of cattle, whose VBP – estimated at R$131.9 billion – shows an increase of just 2.5% compared to 2019, standing as the weakest result in recent years four years. From this point of view, at least, only pigs are saved, which tend to end 2023 recording the best result of the five-year period. According to the most recent projections, its VBP should be around R$33.2 billion, achieving an annual appreciation of close to 8% and a gain of almost 19% compared to 2019. Evolution in the ...