Chicken meat prices in Brazil soar in October as demand rises

In October, Brazil experienced a notable rise in chicken meat prices at the wholesale and independent markets, driven by heightened industry activity and a shift in consumer preferences towards alternative proteins due to increasing beef prices, as reported by Fernando Henrique Iglesias from Safras & Mercado. The price hikes were observed across various chicken cuts in São Paulo, with significant increases in wing prices. Concurrently, Brazil's poultry exports in October saw substantial growth, reaching US$729.607 million with a daily average of US$38.4 million, marking a 21.9% increase in the average daily value compared to the same period in the previous year.

October was marked by a significant increase in the prices of chicken meat at wholesale and independent markets, according to an analysis by Fernando Henrique Iglesias, from Safras & Mercado. The Brazilian poultry industry saw intense activity in the sector, driven by growing demand, especially in light of the rising prices of beef, a competing protein. The analyst notes that this dynamic suggests a transition by consumers to substitute proteins, with an emphasis on chicken meat. The survey conducted by Safras & Mercado indicated significant variations in the prices of chicken cuts in São Paulo. The price per kilo of frozen breast rose from R$10.40 to R$10.50, while the price per kilo of thigh went from R$7.60 to R$8.30. The price per kilo of wings, in turn, saw a considerable increase, jumping from R$10.75 to R$13.25. In terms of distribution prices, cuts also showed increases, with breast going from R$10.60 to R$10.75 and thigh from R$7.80 to R$8.50. Chilled cuts also underwent ...