Revenue from poultry exports totaled USD 7.66 billion last year and reached a record volume. Top Arab buyers were the UAE, Saudi Arabia and Yemen.
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Shipments grew 21.3% and revenue 52%, indicating higher prices. The UAE were the third major destination, with an increase of 66% in purchases.
The Arab country was the second largest destination of Brazilian poultry exports in August. Libya’s purchases more than doubled.
Tanmiah, a Saudi halal poultry and food producer, wants to reach new markets. The company raised USD 107 million in an IPO last week.
Sector entities from Egypt, Jordan, Oman, Kuwait, Sudan, Tunisia, Saudi Arabia, Bahrain, Algeria, Morocco, and the UAE created the Union of Arab Poultry Producers. The first meeting took place virtually during a specialized event.
Countries including Saudi Arabia, the United Arab Emirates, Yemen and Oman stepped up their chicken meat imports from Brazil in January, even though the industry’s overall imports slid.
Driven by China, Asia is the top destination. Africa’s imports increased, particularly Egypt’s, up 15% from 2019. Other two Arab countries that increased their imports were Jordan, up 18%, and Yemen, 6.1%.
The decrease in Brazilian poultry purchases was driven by Saudi Arabia’s strategy of local production and the decline in tourism in Dubai, UAE, and religious tourism in Mecca, Saudi Arabia.
Brazilian poultry exports were up 1.3% in shipped volume year-to-date through September, but revenue was down. Sales to some Arab countries increased.
Shipped volume went up while revenue declined last month, the Brazilian Animal Protein Association (ABPA) said. Sales increased to Saudi Arabia and the UAE.
The Arab country has cleared imports of items including canned chicken meat, chicken nuggets, chicken sausage, and chicken mortadella. Egyptians are looking for alternatives to high-priced beef protein.
The Egyptian administration has authorized imports of ready-to-eat chicken products from 40 Brazilian meat packers previously accredited to export whole chickens to the Arab country.
Brazilian industry association ABPA reported a drop in foreign sales revenues. Shipped volume went up in the first half of the year. At least five Arab countries stepped up their imports.
The administration convened this week to outline actions intended to keep exchange rate fluctuations in check and protect purchasing power.
