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Brazilian chicken export data shows monthly shipments averaging 431,400 metric tons through June, 0.8% above the 2023 monthly average of 428,200 tons. Brazil is gaining from reduced US competition and strong Middle East demand.
The outlook for the rest of 2024 is described as positive.
Steady Brazilian export volumes and strong Middle East demand support global chicken prices. Reduced US competition in key markets favors Brazilian exporters.
reuters.comAna ManoJul 8, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
