Brazil chicken meat value rises in January - Cepea

Demand, however, remained low
calendar icon 11 March 2024
clock icon 1 minute read

Despite low demand in February, values of many chicken products increased in Brazil compared to January, according to a recent market report from Cepea. Price rises are related to the good pace of chicken meat exports, since this scenario helped to reduce the domestic supply.

The average price for whole chilled chicken rose 2.4% from January to February in the wholesale market of the Greater São Paulo, to close at BRL 7.20/kg this month. For the frozen product, values increased 2.7% in the same period, to BRL 7.23/kg.

Concerning live animals, despite price increases in the first fortnight of February, the monthly average was still lower than in January, due to the low liquidity in the domestic market.

The daily average of chicken meat shipments was 20.7 thousand tons in the first 15 days of February, moving up 21.3% compared to the first month of the year, according to data from Secex. Brazil exported 311 thousand tons of in natura chicken meat in the period, against 353.4 thousand tons in February last year.

© 2000 - 2024 - Global Ag Media. All Rights Reserved | No part of this site may be reproduced without permission.