Brazil chicken prices drop in first half of July
Chicken meat devalued 5.56% in two weeks
25 July 2023
1 minute read
By: Quotations for chicken meat in Brazil faded in the first two weeks of the month, according to a recent market report from Brazil's Cepea.
The supply of chicken meat has been high in the Brazilian market, while meat processors reduced asking prices in the first half of the month to keep liquidity high and prevent stocks from building up. According to agents consulted by Cepea, sellers are having difficulties raising prices in the retail market.
Between June 30th and July 14th, chicken meat (whole, frozen) devalued 5.56% in the wholesale market of the Greater São Paulo, to BRL 5.61/kg on July 14th. In Pará de Minas (MG), quotations remained stable, averaging BRL 6.80/kg on July 14th.
For the chilled product sold in SP, quotations dropped 1.1%, to BRL 5.61/kg on July 14th. In MG, prices remained stable in the fortnight, at BRL 7.00/kg.
