Brazil is targeting a meat production milestone of 30.85 million tons in 2024, as projected by the National Supply Company (Conab).
Edegar Pretto, Conab’s president, highlights the drop in corn costs. Lower costs and more supply will make meat more affordable for consumers.
Estimates show chicken meat will reach 16 million tons in 2024. If true, this will break the current record of 15.44 million tons.
High production means more exports without affecting local markets. Next year, exports could touch 5.25 million tons, a 3.6% increase from this year.
Domestic supply will also go up by 3.9%, reaching 10.78 million tons.
Gabriel Rabello, a Conab manager, points out rising chicken meat demand. Chicken offers affordable protein and quick production cycles.
Moreover, Brazil’s avian flu-free status boosts its global standing. This elevates demand for its poultry products.
Pork production is set to rise too, aiming for 5.5 million tons in 2024. Poultry exports will also likely grow by 2.1%.
The domestic poultry market expects a 4.8% rise in supply. On the other hand, beef production looks stable with a tiny 0.1% hike, reaching 9,250 tons.
However, the domestic beef market might see a 0.4% drop in supply.
Context and Analysis
The looming meat production record in Brazil has several implications. First, it positions Brazil as a global leader in the meat industry.
Second, the drop in production costs like corn can benefit consumers through lower prices. Third, high production doesn’t strain domestic supply, which is vital for local consumers.
The rise in chicken meat is noteworthy because it’s a staple protein. Also, it has global appeal due to its affordability.
Brazil’s clean health record in poultry farming is a competitive advantage. This will likely draw more international buyers.
Growing pork production aligns with global dietary shifts. More people are turning to pork as an alternative to beef.
This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error
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