POULTRY NEWS

Brazil earns 11.3% less with chicken exports

Brazil´s chicken meat exports revenues have fallen 11.3% in the first 8 months of 2020 compared to the same period last year. A lower exchange rate costs Brazil US$ 0.42 billion.

The Brazilian currency Real fell about 25% to the dollar since January, which is the main reason earnings are down. The country exported 2.833 million tons of poultry meat, or 1.8% more. In August alone, Brazilian chicken meat exports increased by 11.3%, reaching a whopping 362,400 tons.

According to the Brazilian Association of Animal Protein (ABPA), 325,700 tons were exported in the same period last year. “The monthly growth of exports is positive in practically all the major sectors, from beef to chicken,” adds Ricardo Santin, president of ABPA. The expert says the upward trend in export helps to reduce the impacts of rising cost in the face of the pandemic and increasing demand for grains.

“The monthly growth of exports is positive in practically all the major sectors, from beef to chicken.”