September 10, 2010

Brazil's chicken exports show increase

Brazilian chicken exports during the eight months to August were up 5% on-year, reaching 2.29 million tonnes swt supported by high production.

Average export prices also increased 14% to US$1,632/tonne.

Brazil's main chicken export destination during the period was the Middle East (mainly Saudi Arabia) taking around 40% of the total. Asian destinations took around 30% of the total, driven by high volumes to Japan and Hong Kong.

Brazilian chicken production has been strong during 2010, reaching a monthly record in May. Total production is expected to reach 12 million tonnes, with the domestic market forecast to consume 8 million tonnes cwt.

Chicken consumption in Brazil is estimated at 40 kg/person per year, more than three times the volumes consumed 20 years ago. The rise comes as a result of increased production and the relatively lower chicken retail prices.