Feed prices remain stable in Brazil
The Brazilian poultry meat sector seems to flourish again, due to decreased feed prices. This is reflected in 27% more exports in 2007 and 20% higher prices for the meat. Total exports are now expected to reach over US$3.2 billion this year.
In many countries the strengthening demand and prices for maize and soya have
resulted in sharp hikes in feed prices. However, Brazilian producers are
experiencing the opposite. Farmers are now paying 80% less for their maize, as
well as 40% less for their soya meal, than at the beginning of the
year.
A record maize crop in Brazil, coupled with a larger than
anticipated crop in the United States, has ensured that demand – which has not
grown quite as fast as was anticipated – is being met. Although the Brazilians
do not suffer from expensive feed, they are still being hurt by the strength of
the Real against the $US.
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