# Egypt's tariff exemption to favor Brazilian chicken: industry group

> Egypt has suspended tariffs on imported poultry, which will make Brazilian whole chickens more competitive, according to ABPA president Ricardo Santin. The move is meant to offset supply shortfalls caused by bird flu and higher production costs in Egypt.

- Date: 2023-10-13 · published 2023-10-13T12:00:00.000Z
- Category: trade · region Egypt · magnitude low
- Page: https://feedsoft.ai/events/33770-egypt-s-tariff-exemption-to-favor-brazilian-chicken-industry-group
- Commodities: [Chicken](https://feedsoft.ai/c/CHICKEN.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Expanded Brazilian chicken exports to Egypt support Brazilian poultry output and feed demand for corn and soymeal. The effect on global feed prices is modest.

## Read by commodity

- SBM: bullish ▲
- CORN: bullish ▲
- CHICKEN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2024-08-12 | [China's corn imports from US set to rise 67.6% in 2024-25 on higher Brazilian prices](https://feedsoft.ai/events/14725-china-s-corn-imports-from-us-set-to-rise-67-6-in-2024-25-on-higher-brazilian.md) | -1.6% | +1.4% |
| CORN | 2022-09-28 | [Panamax bulkers set to benefit from robust Brazilian grain exports, Braemar says](https://feedsoft.ai/events/39780-panamax-bulkers-set-to-benefit-from-robust-brazilian-grain-exports-braemar-says.md) | +1.9% | +4.4% |
| CORN | 2021-03-19 | [China tariff on Australia's barley reshapes global trade - Nikkei Asia](https://feedsoft.ai/events/12404-china-tariff-on-australia-s-barley-reshapes-global-trade-nikkei-asia.md) | +11.4% | +14.1% |
| CORN | 2018-01-05 | [U.S. Ethanol Exports Swell in November, as Brazil is Top Destination and China Returns to Market](https://feedsoft.ai/events/66991-u-s-ethanol-exports-swell-in-november-as-brazil-is-top-destination-and-china.md) | -0.4% | +2.4% |
| CORN | 2019-10-31 | [Exclusive: Beijing could ax extra tariffs on U.S. farm products to boost imports - China trade association chief](https://feedsoft.ai/events/56422-exclusive-beijing-could-ax-extra-tariffs-on-u-s-farm-products-to-boost-imports.md) | +0.9% | -1.2% |
| SBM | 2019-09-13 | [China adds some US farm products for additional tariff exemption](https://feedsoft.ai/events/56923-china-adds-some-us-farm-products-for-additional-tariff-exemption.md) | -1.3% | +2.7% |
| SBM | 2019-09-24 | [China gives waivers to importers to buy U.S. soy exempt from tariffs: sources](https://feedsoft.ai/events/56921-china-gives-waivers-to-importers-to-buy-u-s-soy-exempt-from-tariffs-sources.md) | +0.5% | +4.5% |
| SBM | 2020-05-14 | [China’s Pigs Gobble Up Brazilian Soybeans - Caixin Global](https://feedsoft.ai/events/53094-china-s-pigs-gobble-up-brazilian-soybeans-caixin-global.md) | +0.1% | +1.6% |

## Sources

- reuters.com: https://www.reuters.com/article/markets/commodities/egypts-tariff-exemption-to-favor-brazilian-chicken-industry-group-idUSL1N3BJ2H7/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.