News

Brazil: Stability and adjustments mark chicken prices in February

Frozen Chicken Cut
Frozen Whole Chicken
Meat
Brazil
Market & Price Trends
Published Mar 5, 2024

Tridge summary

The Brazilian chicken market experienced fluctuating prices in February due to varying demand, with an initial increase followed by a decrease. Despite exporting 311,029 thousand tons of poultry meat, generating US$534.568 million, there was a 3.8% decrease in the average daily value compared to February 2023. However, the average daily quantity increased by 5.6%, while the average price saw an 8.9% reduction. Prices of frozen and chilled chicken cuts also underwent adjustments during the month.
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 Brazilian chicken market experienced a month of February with mixed movements in prices, both for live chicken and for cuts sold in wholesale and distribution, compared to the previous month. Safras & Mercado analyst, Fernando Henrique Iglesias, highlights that the first fortnight was characterized by increases in prices, while the second fortnight, with the slowdown in demand, witnessed a reduction in prices, especially for slaughtered chicken. The positive highlight was the more favorable adjustment in animal nutrition costs throughout the month. In February, poultry meat exports from Brazil generated US$534.568 million, with a daily average of US$35.637 million. The total quantity exported was 311,029 thousand tons, with a daily average of 20,735 thousand tons. Average prices reached US$1,718.70 per ton. Compared to February 2023, there were variations, with a 3.8% drop in the average daily value, a 5.6% increase in the average daily quantity and an 8.9% reduction in the ...
Source: Portal Do Agronegocio

What to read next

News
On the largest island in Vietnam in Kien Giang, there is an ancient village where people have only ever done this job
Danviet · Apr 27, 2024
News
Two types of Vietnamese rice are very popular in Singapore, some have increased purchasing power by nearly 300%.
Danviet · Apr 27, 2024
News
Coffee price on April 26: Easily broke the price, breaking yesterday's record, coffee reached 134,000 VND/kg
Danviet · Apr 26, 2024
News
Coffee prices today April 27, 2024: The market simultaneously decreased
Agriculture · Apr 27, 2024
News
Will the gray grain market in Kazakhstan come to an end? New measures and interaction schemes are proposed
Agrosektor · Apr 26, 2024

Read more relevant content

Opinion
Sugar Demand Surges in India Amid Summer Heat and General Elections
Mzingaye Ndubiwa · Apr 26, 2024
On-the-Ground Updates
Frosty Weather in Poland Disrupts Apple Orchards, Prices Set to Rise in 2024
Theodoros Damvakaris · Apr 25, 2024
Opinion
Forecasting Supply Chain Impact after EUDR Implementation: Lessons learned from EUTR
Hyunwoo Lee · Apr 25, 2024
Opinion
Implications of the EUDR for the Malaysian and Indonesian Palm Oil Industries upon Implementation
Benjamin Lategan · Apr 25, 2024
Opinion
Export Performance of Chile’s Processed Fruits During Jan-24 and Feb-24
Xchel Perez · Apr 24, 2024
Opinion
Ensuring Compliance and Sustainability in the Cocoa Industry: Collaboration with the Rainforest Alliance
Mzingaye Ndubiwa · Apr 24, 2024
On-the-Ground Updates
Price of Fresh Cuttlefish Surged 9.1% WoW in the Italian Market Due to an Abundant Supply
Giselle Landaeta · Apr 24, 2024
Opinion
The Bittersweet Story of Traceability and Ethical Sourcing Practices of Confectionery Industry Leaders
Sun Jae Lee · Apr 24, 2024
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.