Reuters
Brazilian chicken export data indicates the outlook is positive for the remainder of 2024, meat lobby ABPA said on Monday, citing weaker competition from U.S. supplies and continued strong demand from traditional Middle East importers. Brazil's chicken exports averaged 431,400 metric tons per month through June, 0.8% higher than the monthly average recorded for the whole of 2023, which was 428,200 tons, according to ABPA data. The relative absence from U.S.-based chicken exporters in the market, and steady sales to countries like the United Arab Emirate and Saudi Arabia, are good signs for suppliers in Brazil, the world's largest chicken exporter, according to ABPA.