Brazilian poultry exports to rise by 5% in 2018
Although, Brazil's poultry exports suffered a lot from the meat scandal that broke in March 2017, "poultry exporters are cautiously optimistic that Brazil has recovered its reputation due to MAPA’s changes in their export system," the report shows.
During the first semester of 2017, the bans related to poultry and poultry products that Brazil received from other countries had an enormous impact on exports, especially on the exports destined for the markets in the Middle East and Asia. However, the report says, while exports decreased in terms of volume for CY 2017, "the value increased by 7% reflecting high world prices."
USDA analysts forecast broiler production is set to rise in Brazil by 2.6% to 13.8 million tons in 2018 from 13.44 million tons in 2017, and are expected to grow by 6.45% compared to last year's 12.91 tons.
In addition, USDA expects record corn and soya crops, which will result in better profit margins during 2018 and lower feed costs, "albeit an adverse exchange rate," and taking into account that corn and soyabean crops account for nearly 70% of the cost of producing broilers.
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