The suspension applies to all international locations; Brazil to profit
23 October 2023
2 minute learn
The federal government of Egypt introduced the suspension of tariffs on rooster meat imports final week, which ought to immediately influence the circulate of shipments of Brazilian merchandise to the North African market, in accordance with the Brazilian Affiliation of Animal Protein (ABPA).
Based on a press release launched by the Egyptian authorities, the suspension of the MFN tariff, which is legitimate for all international locations, was zeroed for a interval of six months for complete rooster. The tariff was once 30%.
Complete rooster is the most important product despatched by Brazil to this market, and Brazil is the primary provider of rooster meat to the Egyptian market, with greater than 90% share of imports from the North African nation.
“With the suspension of the tariff, the expectation is that the Brazilian product will probably be extra aggressive, complementing the native supply, which has been impacted by the consequences of Avian Influenza in its territory and the will increase in manufacturing prices,” mentioned Ricardo Santin, president of ABPA.
Egypt is among the many 20 largest importers of rooster meat in Brazil. Between January and September, the market imported 50,000 tons of the product, producing income of US$ 107.7 million within the interval.
“Traditionally, the Egyptian market is a related purchaser of complete rooster from Brazil, particularly the heavier tracks,” mentioned ABPA’s market director, Luís Rua. “This enchancment within the tariff circumstances for entry to the Egyptian market provides to the current opening for exports of rooster meat to Algeria, which has the same consumption profile, enabling new alternatives for Brazilian exporters.”
