July 6, 2011

 

Brazilian poultry exports hit US$4 billion

 

 

Brazilian poultry exports almost hit US$4 billion in H1, a rise of 28.5% in contrast to the same period in the previous year.

 

Approximately two million tonnes were shipped, a 6.8% increase using the same basis of comparison. The information was disclosed on Monday (Jul 4) by the Brazilian Poultry Union (Ubabef).

 

According to a statement issued by the Ubabef, its CEO, Francisco Turra, claimed that the growth could have been greater, if it were not for the depreciation of the dollar against the real (Brazilian currency), which theoretically makes Brazilian products more expensive abroad.

 

"The truth of the matter is that we could have had even stronger growth due to increased international market demand. However, we are losing competitiveness by the hour. Thus, we maintain our growth forecast of between 3% and 5% in shipments this year," said the executive, according to the statement.

 

The Middle East remained the leading target region for Brazilian exports. Revenues from sales to the region totalled US$1.36 billion, an increase of 31.7% over the first quarter of 2010. A total of 718,000 tonnes were shipped, growth of 8.6% using the same basis of comparison.

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