February 3, 2010

Brazil's poultry exports decrease by 20%

The exports of poultry from Brazil have been 20% less between November 2008 and February 2009.

Over the last five years Brazil has been the world's third biggest exporter of poultry, but with the devaluation of 30% of their currency companies have experienced serious difficulties, and falling prices.
 

Nearly 20% fewer chicks have been lodged, so that there will not be large inventories building up, due to no export credit, and lack of demand.
 

Meanwhile, it has been reported that Sadi is to merge with Perdigao, the country's second largest exporter.