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Brazil rooster exporters take pleasure in much less US competitors, robust Mideast demand

Brazil’s first-half pork exports hit a file

calendar icon 9 July 2024

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Brazilian rooster export information signifies the outlook is optimistic for the rest of 2024, Reuters reported, citing meat foyer ABPA on Monday, citing weaker competitors from US provides and continued robust demand from conventional Center East importers.

Brazil’s rooster exports averaged 431,400 metric tons per 30 days via June, 0.8% larger than the month-to-month common recorded for the entire of 2023, which was 428,200 tons, in response to ABPA information.

The relative absence from US-based rooster exporters out there, and regular gross sales to nations just like the United Arab Emirate and Saudi Arabia, are good indicators for suppliers in Brazil, the world’s largest rooster exporter, in response to ABPA.

The truth that Brazil, the world’s largest rooster provider, additionally traditionally exports extra within the second half of the yr can be a boon.

“With a extra enticing home market, US exports are falling, which is a development for the approaching months and years,” ABPA’s Markets director Luis Rua mentioned in a press release to Reuters.

He added that for Brazilian firms, this meant extra export volumes destined for Latin American nations, together with Mexico and Chile, permitting Brazil to reposition itself in strategic markets for merchandise resembling rooster legs and rooster breast.

By quantity, Brazilian rooster exports had been one of the best in historical past between April and June, ABPA mentioned.

Nevertheless, price-wise the image is just not as rosy, as Brazil’s mixture rooster export gross sales reached $4.636 billion within the first half, 10.3% under the $5.168 billion from the identical interval in 2023, in response to ABPA information.

Gross sales to China, the highest vacation spot, have additionally lagged final yr’s degree for June, slumping 29%, ABPA mentioned.

Brazil’s first-half pork exports hit a file of 613,700 tons, ABPA mentioned in a subsequent assertion. Whereas imports by China slowed, Brazilian pork gross sales to Japan and the Philippines grew, marking what ABPA dubbed “a reshaping” of the nation’s pork exports.

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