Brazil chicken prices fade in late August - CEPEA

High prices ensured higher monthly averages than July
calendar icon 13 September 2023
clock icon 1 minute read

The prices of many chicken products faded in late August in some Brazilian regions, due to the typical decrease in demand in the second fortnight of the month, according to a market report from Brazil's Centre for Advanced Studies on Applied Economics (CEPEA).

However, the high price rises from early August ensured higher monthly averages than those from July – for both live chicken and chicken meat.

In the month of August, the average price for whole frozen chicken rose a staggering 10.3% in the wholesale market of the Greater São Paulo, to BRL 6.21/kg. For the chilled product, values rose 10.7%, to BRL 6.20/kg.

In southern Brazil, quotations did not rise as high. In Porto Alegre, the average price for both frozen and chilled chicken rose from BRL 9.09 in July to BRL 9.22 last month, a slight increase of 1.4%.

In the market of live chicken, prices increased too. On the average of São Paulo State, the average price for slaughter chicken in August closed at BRL 4.86/kg, 9.6% higher than that from July. According to Cepea collaborators, valuations were linked to the recent adjustment in the production of animals and the consequent lower supply of chicken meat in the Brazilian market.

(1 reia = US $0.20)

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