Poultry prices in the global market are down
Brazilian poultry exporters have seen lower revenues last month due to market condition all over the world. Exports of chicken meat generated $ 479 million in September, a reduction of 18.4% in the annual comparison, according to data compiled by the Brazilian Association of Animal Protein (ABPA). The sharp drop in foreign exchange revenue reflects the devaluation of chicken meat prices on the international market, says Ricardo Santin, president of ABPA.
In volume, shipments from Brazil to foreign countries also fell, but at a slower pace. Last month, Brazilian slaughterhouses shipped 345,000 tonnes of chicken, down 2.3%. The president of ABPA argued that the drop in chicken shipments in the month was caused by the delay of ships, which postponed some shipments until October.
In the European market, the broiler average price is now €183.59/100 kg carcase weight, down 1.9% from last month and 1.5% compared to the same period last year. Prices have also declined in the US market, while in Brazil are slowly climbing thanks to increased demand in the domestic market (see chart above).
Beef consumption in Brazil has dropped abruptly in the last couple of years, while consumers are ...