Brazilian chicken meat exports revenue up 12.4% YoY

According to information from the Brazilian Federal Government released on Monday, October 3, exports of poultry meat and edible offal, either fresh, refrigerated, or frozen, grew 12.4% in 21 working days in September compared to a year ago.

SAFRAS & Mercado analyst Fernando Henrique Iglesias says that September’s highlight is that chicken meat is effectively on the rise in the international market, and there has been an increase in the consumption of more affordable animal protein.

“Poultry meat ends up working as the basis of food security in several countries. It is a high-quality protein accessible to a large part of the population and is gaining ground in this context of worldwide economic recession,” he said.

The revenue obtained from chicken meat exports until the end of September, US$ 753,978,236, surpassed by 12.4% the amount received in September 2021, which was US$ 670,695,025. In volume shipped, the 364,238,553 tonnes are 93.7% of the total reported in September last year, amounting to 388,534,438 tonnes.

Compared to the previous month, the US$ 753,978,236 collected from chicken meat exports in September represents 90.7% of the total recorded in August, US$ 830,765,977. Regarding volume, the 364,238,553 tonnes shipped express 91.4% of the total in August, amounting to 398,599,197.

The daily average turnover up to this point in the month was US$ 35,903,725, 12.4% higher than that recorded in September 2021. Compared with the previous week, there was a decrease of 9.6%.

See below the track record of the volume of chicken meat (HS 0207) exported from Brazil between January 2019 and August 2022. The data is from DataLiner.

Chicken Meat Exports | Jan 2019 – Aug 2022 | WTMT

Source: DataLiner (click here to request a demo)

Brazil shipped 17,344,693 tonnes per day on average, a 6.3% decrease from the same month in 2021.

The price paid per tonne, US$ 2,450,980 up to the fourth week of the month, is 19.9% higher than in September last year. Also, compared to the cost of a tonne of chicken meat in the previous week, the current price represents a slight increase of 17.8%.

Source: Notícias Agrícolas

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