Brazil poultry exports from Brazil appear to be set at record paces in 2022, despite reduced shipments to two major markets. According to the latest Rabobank Poultry Quarterly Report, Brazilian poultry exports will continue to be strong in 2022, while imports of Brazil’s largest poultry destination, China, fell by 3% in April.
Major Brazilian poultry export destination
In April, exports to Saudi Arabia fell by 45%. However, there are many other markets that are buying more Brazilian poultry than offsetting the decline in sales to China and Saudi Arabia. The Rabobank report states that the United Arab Emirates (UAE), the Netherlands, the United Kingdom (UK), the Philippines and South Korea have all increased their stake in Brazilian poultry. These increases are positive developments for Brazil and reduce Brazil’s reliance on China’s purchases. However, the most promising market for Brazil is Mexico, where import tariffs on 26 basic commodities, including poultry, have recently been lifted. Poultry from Brazil has other opportunities as many countries suffer from highly pathogenic avian influenza (HPAI) outbreaks and rising food prices.
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Brazilian poultry export forecast
Taking all these factors into account, Rabobank predicts that poultry exports from Brazil will increase by 4-5% annually. Brazilian poultry prices Rabobank’s forecast of increased poultry exports from Brazil of 4,444 comes despite rising prices. In April alone, average prices rose 27% year-on-year. Prices for live broilers have risen since December 2021, but fell slightly in May.
Feed prices fall
Brazil’s poultry industry has also benefited from lower feed prices, which began to fall in the second quarter. Prices are now down 5% compared to the same period a year ago, according to the report.
Related story: Global poultry market report summary – Rabobank’s
