According to the Industry Meat Export Association, ABPA of Brazil, chicken exports during June were 0.8 percent higher than the 2023 monthly average, attaining 431,400 metric tons. Increased exports are apparently at the expense of the U.S. according to Luisor Rua, Market Director for ABPA.
Brazil has achieved market penetration in Latin America including Mexico and Chile offsetting the loss to China, with a 29 percent reduction based on domestic oversupply in that nation.
Increased exports have come at a cost with value declining by 10.3 percent over the first half of 2024 compared to the corresponding months in 2023 at $4.64 billion.