Tough competition between Asian countries for Brazilian poultry imports
Brazil has exported 384,400 tonnes of poultry in February, up by 10% from the volume exported in February last year. February exports generated revenues of $553.8 million, 5.2% higher than the figure reported in the same month of 2019. Since the beginning of the year, poultry shipments abroad reached a volume of 672,200 tonnes, according to data released by the Brazilian Association of Animal Protein (ABPA).
China accounted for 17.5% of the Brazilian chicken meat exported this year and there are certain signs of increasing competition between Asian countries for poultry imports. South Korea was the destination of 17,500 tonnes in the first two months of this year, a number that exceeds sales by 12.5% in the first two months of last year. The Philippines increased their purchases by 104%, with 14,700 tonnes, while Singapore increased its Brazilian poultry imports by 49%, with 18,300 tonnes between January and February.
"Asia has consolidated itself as the main destination for imports of chicken meat from Brazil. This is a favorable fact, especially when we find that the average price practiced in sales to this region of the globe is higher than the general average of exports," pointed out Ricardo Santin, ABPA's executive director.
Libya had the highest growth-ratio in imports of Brazilian poultry (370%), with 16,300 tonnes received in the first two months of the year. The EU market was the destination for 40,200 tonnes of poultry, an increase of 14% compared to January-February 2019.
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