Brazil: Poultry and Products Semi-annual

Post forecasts production at 14.85 million metric tons in 2022, growing two percent due to strong external demand. Production is forecast to set historical record. Consumption for 2022 is forecast at 10.25 million metric tons, slightly reduced from 2021. Brazil is the world’s largest exporter of chicken meat and Post forecasts a nine percent increase for 2022, with total exports at 4.6 million metric tons. Overall, exports are expected to represent 31 percent of total production, with China being the top destination for Brazil’s poultry. Poultry prices were affected by the rising input costs, which increased from 15 to 25 percent in the past 12 months.