Brazilian chicken exporters may sell a record volume above 4.7 million tonnes this year on global markets, according to an estimate from the country's food supply and statistics agency, Conab.
Brazil is home to some of the world's biggest meat companies, and the data suggests the country's ability to compete and access markets at a time more supply availability can ease global food inflationary pressure.
If its forecast is confirmed, chicken exports will have grown 6% by year-end, Conab said in a statement..
Beef Export Growth
Also, Brazil's beef exports are expected to increase by 15% in the year, to an estimated 2.84 million tonnes, while pork exports will likely fall by around 2% to just above 1 million tonnes, as shipments to China drop, Conab said.
Brazilian chicken, beef and pork processors are expected to produce around 28 million tonnes of meat this year, keeping the per-capita availability of meat in the country at above 90 kilos per year, Conab said.
For poultry, output will remain close to 15 million tonnes, which guarantees a per-capita availability of 48.6 kilos per inhabitant per year, smaller than last year's record due to an expected fall of 3% in supply, strong export demand and growth of the Brazilian population, Conab said.
In the case of pork, domestic production would be a record of 4.84 million tonnes in 2022, an increase of about 3% compared with 2021, which could help reduce domestic prices of that meat type.
Brazilian beef production, on the other hand, will tend to shrink, a reflection of sluggish domestic demand, according to Conab.
Even so, the agency said local companies may produce an estimated 8.1 million tonnes of beef in 2022, with the expectation that the per-capita availability will be around 25 kilos per inhabitant per year.
Read More: Brazil's JBS Says China Lockdowns Won't Affect Demand
News by Reuters, edited by ESM. For more supply chain news, click here. Click subscribe to sign up to ESM: European Supermarket Magazine.