Brazil: With new readjustment, in Minas Gerais the price of live chicken accumulates variation close to 3% in the month

Published 2022년 11월 29일

Tridge summary

Live chicken trade prices in Minas Gerais have experienced a second price increase in a week, reaching R$5.35/kg, a 2.88% rise from the previous price of R$5.20/kg. The first price increase since August was only five cents, but the recent increase was 10 cents. This results in a 9.18% increase over 12 months and 13.83% increase year-to-date. Despite these increases, the price of chicken from Minas Gerais remains almost 20% below the record reached in August and September, marking the lowest prices of the last nine months. These price changes, occurring at an inappropriate time for market stability, may continue into the coming week.

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

Original content

Yesterday (28), in less than a week, live chicken traded in Minas Gerais had its second price correction, being traded for R$5.35/kg, an amount 2.88% higher than the R$5.20/kg that prevailed in the (almost) eight weeks between September 30th and November 23rd. The first increase registered since the beginning of August occurred last Thursday, the 24th, being limited to five cents. In yesterday's readjustment, the increment was 10 cents. The current quotation means an increase of 9.18% in 12 months and 13.83% this year. Even so, the price of chicken from Minas Gerais is almost 20% below the record reached and maintained between the first days of August and mid-September, remaining (in nominal values) with the lowest prices of the last nine months. The occurrence of these readjustments in what is considered the most inappropriate period of ...

Source: Portal Do Agronegocio