February 14, 2011
Brazilian chicken exports soars in Egypt
Brazilian chicken exports to Egypt soared 235% in volume and 301% in values in comparison with the similar month in 2010 as the Brazilian Poultry Union (Ubabef) estimates a 3-5% increase in overall chicken exports this year.
Egypt stood out in January this year among the main destinations for Brazilian chicken. In comparison with the same month in 2010, exports grew from 2,429 tonnes to 8,156 tonnes. In value, the growth was even greater, from US$3,761 million in January last year to US$15,083 million in the first month of this year, growth of 301%.
According to Francisco Turra, the president at the Brazilian Poultry Union (Ubabef), sales to the Arab country should continue on the rise. "The chance of growth is great as the demand for Brazilian chicken is very high," he said.
He explained that in 2010, Egypt was among the main destinations for exports of Brazilian chicken. According to Turra, cases of bird flu in the Arab country made Egypt increase its imports of chicken from Brazil.
He added: "Brazilian exporters, save some exceptions, are not very concerned" with the political crisis in the Arab country. Despite living a moment of turmoil, in which the population calls for the ousting of President Mubarak, imports from Egypt posted relative growth greater than that to the African continent as a whole. In the comparison between January 2010 and 2011, Brazilian chicken exports to Africa grew 41.8% in volume and 90.8% in value. "Egypt is a market that shows great confidence in Brazilian exporters. The entire Middle East is still buying much," said Turra.
For the calendar year 2011, the Ubabef president forecasts export growth that he himself defines as "conservative" of between 3% and 5% over the volume sold on the foreign market in 2010.
Among the factors to affect exports is the high cost of soy and corn, as well as the unfavourable exchange rates due to the appreciation of the Brazilian real.