Brazil: Poultry and Products Semi-annual
Post revised broiler production to increase by 3 percent in 2016 to 13.5 million metric tons (MT) from the record production level of 13.1 million MT last year. The increase in production is due to booming broiler exports, which is mostly due to the depreciation of the Brazilian currency, combined with new market opportunities. The slow growth in domestic consumption is due to the current economic recession in the country and higher inflation. However, because of high beef prices in the domestic market, chicken meat remains as the cheapest animal protein in Brazil.
