Chicken exports to China grew 49% year-on-year in May
Jun, 08, 2019 Posted by datamarnewsWeek 201924
Brazilian chicken exports to China grew 49% in May compared to the same time last year. This was to fulfill domestic demand after African swine fever affected domestic production.
Brazil, the world’s largest chicken exporter, exported 381,100 tons last month, a 14.4% year-on-year increase, according to a statement issued by the Animal Protein Association (ABPA). According to ABPA, China accounted for almost 15% of shipments and was Brazil´s main chicken export destination in May. The chicken exporters also benefited from higher prices, with revenues growing 27.3% to US$658.9m over the same period comparison.
Exports to the United Arab Emirates, where BRF´s presence is strong, grew almost 50%, while exports to the European Union increased 26%, according to data showed by ABPA. “The disruption in the market created by China is happening at a time when other importers are increasing their purchases as well,” said ABPA executive director Ricardo Santin.
The following graph uses Dataliner data to show Brazil’s chicken exports to China, The United Arab Emirates and the European Union between January 2015 and April 2019.
Source: Reuters
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