Brazil: Poultry and Products Semi-annual

Commodities

Post forecasts chicken production at 14.15 million tons in 2021, growing at a two percent rate due to strong external demand and increased domestic consumption. Consumption for 2021 is forecast at 10.25 million tons Ready to Cook (RTC), growing one percent. Post forecasts that poultry prices will remain elevated in 2021, with strong global meat demand and a relatively devalued Real supporting the forecast export numbers, boosted by the spread of Avian influenza in some countries in Europe and Asia. Brazil is the world’s largest chicken meat exporter and Post forecasts exports will represent 28 percent of all chicken production in Brazil and increase four percent in 2021. China is expected to remain Brazil’s top destination for poultry.

Brazil: Poultry and Products Semi-annual