nigeriapulse.com

Breaking news and insights at nigeriapulse.com

Significant Growth Predicted for Brazil’s Egg Exports Amid Price Crisis

Brazil’s egg exports are projected to rise by 62% in 2024 due to U.S. price inflation amid avian flu issues. Export volumes, however, remain less than 1% of total domestic production. The U.S. has authorized Brazilian eggs for processing, while investigations into price manipulation are ongoing. The overall demand for Brazilian eggs is also surging in international markets like the UAE and Angola, with a slight increase in domestic consumption expected.

The United States is facing an egg price inflation crisis due to avian flu affecting local production, which is projected to boost Brazilian egg exports significantly. The Brazilian Animal Protein Association (ABPA) anticipates a 62% increase in exports for 2024, amounting to 30,000 tonnes. However, even with this rise, exports will make up less than 1% of Brazil’s total egg production.

In 2023, Brazil exported 18,400 tonnes of eggs, a mere 0.86% of national output. Ricardo Santin, ABPA president, noted that the anticipated increase in 2025 is substantial but still originates from a low volume base. “The increase [in exports in 2025] is quite significant and could be even higher, but it is still based on a very low volume,” he stated.

Brazil now holds export authorization for eggs to the U.S. for processing, for both pet and human consumption. Santin clarified that while these eggs cannot directly reach supermarket shelves, they may be sent to processing plants to be converted into liquid or powdered forms for food applications.

Processed eggs primarily serve the food manufacturing sector, featuring in products like pasta and biscuits. Additionally, the U.S. Department of Justice is investigating possible price manipulation amid soaring American egg prices, suggesting scrutiny of major firms for anti-competitive activities that may amplify costs or supply issues.

Other regions, including the United Arab Emirates and Angola, are also escalating their demand for Brazilian eggs. Brazil’s egg production is expected to increase by 2.4% in 2025, reaching 59 billion units, with January 2024 production being 5.9 billion eggs and exports forming 0.9% of the total.

Despite the rising costs in Brazil’s market, ABPA forecasts that per capita egg consumption will rise, predicting that each Brazilian will consume about 272 eggs in 2024, reflecting a 1.1% increase from the previous year.

Brazil’s egg exports are set for a major boost due to U.S. egg price inflation, driven by avian flu disruptions. The increase, though significant, will still represent under 1% of domestic production. While exports are authorized for processing to the U.S., rising domestic prices prompt scrutiny on price manipulation. Demand is also increasing from other international markets, indicating robust growth for Brazil’s egg industry in the coming years, along with an expected increase in per capita consumption.

Original Source: valorinternational.globo.com

Elias Gonzalez

Elias Gonzalez is a seasoned journalist who has built a reputation over the past 13 years for his deep-dive investigations into corruption and governance. Armed with a Law degree, Elias produces impactful content that often leads to social change. His work has been featured in countless respected publications where his tenacity and ethical reporting have earned him numerous honors in the industry.

Leave a Reply

Your email address will not be published. Required fields are marked *