News in Brief:
– Brazilian chicken exports to China decline while Middle Eastern demand surges, impacting local poultry farmers positively.
– Despite challenges like avian influenza outbreaks, Brazil forecasts continued growth in chicken exports, supported by favourable market conditions and diversification strategies.
In a surprising turn of events, Brazilian chicken exports to China have seen a dip while shipments to Middle Eastern countries soar, signaling a significant shift in trade dynamics.
Despite facing challenges, such as the unpredictability of trade patterns, Brazil reported robust exports of chicken meat, totaling nearly 515,000 metric tons in March 2023.
However, trade performance in subsequent months and the first quarter of 2024 indicated a comparative slowdown.
This shift in export destinations has substantial implications for local farmers in Brazil. As the Middle East gains prominence as a key market for Brazilian chicken, farmers stand to benefit from increased demand and stable prices.
Looking ahead, market conditions appear favourable for Brazilian chicken exports in 2024, according to forecasts. With a projected increase in production and exports, coupled with favourable global supply-demand dynamics, Brazilian farmers can expect continued growth opportunities.
Challenges and mitigation strategies
However, challenges such as the presence of avian influenza in competing markets pose potential risks to exports. To mitigate these risks, the Brazilian government is exploring new markets, diversifying products, and negotiating health certificates to ensure uninterrupted trade flow.
The recent outbreaks of highly pathogenic avian influenza (HPAI) in Brazil raise concerns among local farmers. Efforts to contain the spread of the virus and safeguard poultry farms are critical to maintaining export momentum and ensuring the livelihoods of farmers.
Despite challenges, Brazil achieved record-breaking exports in 2023 across various poultry products. The nation witnessed significant growth in turkey, duck, and egg product exports, underscoring its position as a global leader in poultry trade.
