USDA updates forecast and estimates that Brazilian chicken meat exports in 2023 will be lower than forecast in October

Published Jan 13, 2023

Tridge summary

The USDA's first report for 2023 predicts a nearly 1% decrease in global chicken meat exports, with Brazilian exports expected to decrease by 5% due to weaker demand from markets like China, the European Union, South Africa, and the United Kingdom. Despite this, Brazil is still expected to reach historic export records due to sanitary privileges, competitive prices, and diversified offers. In contrast, exports from the USA and the European Union are projected to slightly increase but may not reach the volumes seen in 2021.

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

Original content

Released yesterday (12), the first report for 2023 by the US Department of Agriculture (USDA) on the prospects for world chicken meat exports in the current fiscal year suggests that the global volume traded internationally should suffer a reduction of close to 1% in relation to the which had been predicted in October. But, in the case of Brazilian exports, the USDA predicts a more serious reduction, as it indicates a 5% retraction in relation to that indicated about three months ago. This, however, does not imply a reduction in volume compared to what was exported by Brazil in 2022. According to the new USDA forecast, Brazilian exports should increase by just over 2.5% and reach 4.560 million tons – a volume that, always It is worth noting that this refers only to the in natura product and does not include chicken feet/paws. But why the strong reduction in relation to Brazil when all indicators point to a substantial expansion due to the sanitary privilege of Brazilian chicken ...

Source: Portal Do Agronegocio