Brazil's chicken exports set for 5% rise in 2018
Staff Writer | August 21, 2017
Brazil's chicken meat production is set to increase further, with rising global demand for the product and disease disrupting output in some countries.
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Broiler production in Brazil is forecast to grow by 2.6% to 13.8m tonnes in 2018 from the 13.44m tonnes in 2017, and to be 6.45% up on 2016's 12.91m tonnes.
USDA analysts point to continued firm world demand for Brazilian product, due to the effect of Avian Influenza in several countries.
Domestically, demand is set to improve by up to 1.5% in line with economic recovery in Brazil, with lower inflation and some growth – albeit weak, following several years of negative GDP.
At the same time, reduced feed costs as a result of record corn and soyabean crops will cut production costs.
With these two feed ingredients accounting for some 70% of the cost of producing broilers, producers and packers in Brazil are "cautiously optimistic" that profit margins will continue to improve, despite currency effects.
The Department projected that 2017/18 corn and soya crops yields will "likely set another record in production due to the large use of biotechnology and subsidized credit".
The analysts expect chicken prices in Brazil to remain competitive with beef and pork prices, with "more intense competition" from beef in 2018.
The USDA predicted that Brazil's broiler exports will increase by 5% in 2018 to 4,500 tonnes, through a combination of competitive pricing and replacing production lost to Avian Influenza.
The rate of growth could be constrained by higher world broiler stocks in major importing countries. ■ What to read next
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