Suspension of import tariffs from Egypt should benefit chicken meat from Brazil
According to a statement released by the Egyptian Government, the suspension of the MFN tariff (valid for all countries), which was 30%, was reset for a period of 6 months for whole chicken – which is the main product sent by Brazil to this market.
Brazil is the main supplier of the product to the Egyptian market, with more than 90% share of imports from the North African country.
"With the suspension of the tariff, the expectation is that the Brazilian product will become more competitive, complementing the local offer, which has been impacted by the effects of Avian Influenza in its territory and the increases in production costs", assesses the president of ABPA, Ricardo Santin.
Egypt is among the 20 largest importers of chicken meat from Brazil. Between January and September, the market imported 50 thousand tons of the product, generating revenue of US$107.7 million in the period.
"Historically, the Egyptian market is a relevant buyer of whole chickens from Brazil, especially the heavier sections. This improvement in tariff conditions for access to the Egyptian market is added to the recent opening for chicken meat exports to Algeria, which has a similar consumption profile, enabling new opportunities for Brazilian exporters", highlights ABPA's markets director, Luís Rua.
According to the latest available data, the sector reached a total turnover of €41.337 ...
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