Strong demand for eggs in Brazil sinks export volumes
Low price animal protein such as eggs are in strong demand in the Brazilian market due to their affordability. As a result, export figures in February have dropped 67.7% in volume to 446 tonnes and by 54.2% in value, to $1,681 million, compared to the same month last year.
In the accumulated result for the year, as eggs reached 1,260 tonnes, the volume was 57.2% lower in relation to the first two months of 2019, with a total of 2,960 tonnes. Sales for the period generated revenue of $1.63 million, a balance 51.1% lower than that recorded in the first two months of 2019, with $3.34 million.
“The domestic market continues to absorb practically all production, which reduces the lower volume exported in relation to payment in 2019”, analyzes the executive director of ABPA, Ricardo Santin. Among the main destinations for Brazilian exports, the United Arab Emirates bloc imported 159 tonnes in February and a balance of $ 162 million. Other destinations in the Middle East and Asia, such as Saudi Arabia with 64 tons, Thailand with imports of 55 tons and Japan, 22 tons, contributed to sales in the period.
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