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Brazilian chicken meat exports through the first three weeks of May 2023 totaled 275.92 thousand tons worth USD 542 million, down from May 2022 in value. Average price per ton is falling, coinciding with Chinese yuan devaluation.
Exports to China rose 33.5% in volume in the first four months of 2023.
Strong Chinese import demand supports Brazilian chicken volumes, but falling unit prices signal softer export pricing. Brazil's sustained poultry exports keep feed demand for corn and soymeal firm.
tridge.comVictor LangatMay 30, 2023Not enough comparable past events yet for a historical read.
After 14 past neutral trade events, Chinese Yuan (CNY per USD) moved a median +0.0% over 5 sessions (57% higher; middle half -0.2% to +0.4%), and -0.1% over 20.
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.
