BRAZIL - Forecasts from the USDA Foreign Agricultural Service show that broiler production in Brazil is to increase by five per cent in 2015.
This increase will likely be driven by higher exports stimulated by the depreciation of the Brazilian currency, lower feed costs due to forecast record soybean and corn crops estimated for 2014/15 crop year, and higher world demand for the Brazilian product, especially from the Russian Federation.
Post sources also identify the high level of consumer debt in Brazil as a constraint to increased domestic demand. The outlook for turkey production and exports is for moderate growth next year.
You can view the USDA GAIN: Brazil Poultry and Products Annual 2014 report by clicking here.
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