Brazil

Meat and live chicken prices jump in Brazil

Poultry

Increased domestic consumption and a spike in feed have raised the prices for Brazilian chicken meat.

Posted on Aug 03 ,10:00

Meat and live chicken prices jump in Brazil

Live birds and chicken meat prices are jumping in Brazil due to increased demand in the domestic market, reports Brazilian Centro de Estudos Avançados em Economia Aplicada (CEPEA). The values were driven by increased demand in the domestic market and tighter control in supply. Also, CEPEA experts are mentioning a decrease in production in the last three months due to ongoing COVID-19 crisis in Brazilian plants and farms. However, the Brazilian poultry industry has made investments worth $100 million to mitigate the risks of new infections in the processing units.
Favourable market conditions for chicken meat, with controlled supply and good liquidity in the domestic market, compensate for the weakening of the sector's exports. According to a report by Secex, in July, there was a decrease in poultry exports of 4.7% compared to the previous month and a 5.5% drop when compared to July 2019.

 NEWSLETTER - Stay informed with the latest news!

Comments





Similar articles

SPAIN

Spain: The meat sector consolidates its leadership in the agri-food industry

According to the latest available data, the sector reached a total turnover of €41.337 ...


Read more Read more
INTERNATIONAL

Cargill: Consumers are seeking more protein for health and taste in 2025

People are eating more protein than ever before, with 61% of Americans increasing their protein i...


Read more Read more
SPAIN

Pork gains presence on Spanish tables

This growth marks a shift in trends that began the previous year, following a period of slight de...


Read more Read more
Websolutions by Angular Software and SpiderClass