Brazil’s poultry meat exports remain weak in April
Exchange rate volatility, strike action impact export trade
The volume of poultry meat exported by Brazil during April fell by 6.6 percent to 336,900 tons. Shipments were worth US$565.8 million, a contraction of 19.8 percent, however, in reals, the value of shipments was 9.3 percent higher, reports the Brazilian Association of Animal Protein (ABPA).
Demand from various export markets was lower during the month.
“In comparison with last year, there was a decrease in purchases by Angolan importers, as well as a stock adjustment by Hong Kong and in other markets,” said Ricardo Santin, ABPA vice president.
Between January and April this year, Brazilian poultry meat exports decreased by 2 percent while in value sales were down 11.8 percent to US$2.1 billion.
Franciso Turra, ABPA executive president added: “With exchange rate volatility, exporters are picking the best time to export, and this could have reduced April’s total. Additionally, the truck drivers’ strike also impacted business.”