São Paulo – Poultry exports from Brazil amounted to 329,200 tons in May this year, down 7.1% from May 2014, the Brazilian Animal Protein Association (ABPA) has reported this Wednesday (3rd). According to ABPA, revenues increased in Brazilian reals but declined in US dollars.
In Brazilian currency, chicken exports grossed R$ 1.768 billion in May, up 12% from May 2014. In US dollars, revenues were down 17.9% to US$ 584.1 million.
In a press release, ABPA’s CEO Francisco Turra said exporters expect the exchange rate to stabilize so they can plan out their sales. “Even though the exchange rate was favorable to revenues denominated in Brazilian reals, exporters are expecting an even higher exchange rate stability so they can plan sales better", Turra asserted.
Year-to-date
The year-to-date performance is similar to that of May: revenues were up in real, down in dollar and shipped volume declined. From January to May 2015, 1.594 million tons were exported, down 3.1% from the comparable period in 2014. Revenues in reals amounted to R$ 8.068 billion in 2015, up 11.1% from 2014. US dollar revenues were down 13.1% to US$ 2.741 billion.
In the press release, ABPA’s vice president for poultry, Ricardo Santin, claimed that despite the total amount exported through May, industry profitability did not suffer. “There are still expectations regarding second-half performance, which is habitually higher than in the first half, and this should make up for the losses,” Santin said.
*Translated by Gabriel Pomerancblum
