November 13, 2008
Brazil chicken exports drop 3 percent in October due to financial crisis
Brazilian chicken exports fell 3 percent to 315,000 metric tonnes in October from September, said Brazil's Chicken Exporters Association, or ABEF, Wednesday (November 13,2008).
Exporters should reduce their quota of chickens to avoid excess supply due to the economic downturn and a reduction in orders already seen from markets such as Japan, Russia and the United Arab Emirates, said Francisco Turra, president of ABEF.
The association said Brazilian chicken exports rose 0.7 percent from October 2007.
ABEF said that chicken exports rose 17 percent to 3.l million tonnes between January and October versus the same period a year earlier. Brazil's No. 1 market was the Middle East, which imported 959,000 tonnes.
ABEF said that revenue soared 54 percent to US$6 billion in the period January through October compared with the same period last year.
Brazil is the world's No.1 chicken exporter.