Brazil’s revenue from chicken meat exports has declined.
Estimates by the Animal Protein Association of brazil(ABPA) show that despite no significant change in the country’s chicken meat production in the first ten months of 2020, the country’s revenue from the sale of these products has dropped by 13 percent.
Published statistics confirm that the country has exported nearly 3.5 million tons of chicken meat in the first ten months of this year and last year.
Statistics released in recent days also show that the slaughter of broiler chickens in the country in the third quarter of 2020, has grown by 1.8 percent.
Experts believe that although the Philippines and Mexico have fewer purchases from the country this year, increased purchases from Saudi Arabia and the European Union have offset this.
On the other hand, the assessments of the country’s economic experts show that the purchasing power of chicken meat producers has sharply decreased following the continued increase in soybean and corn prices.
As a result, the price increase is expected to intensify during the second half of November 2020.However, given the increasing demand from domestic and foreign consumers, it seems that Brazilian chicken producers will increase the prices of their products in the coming weeks.