Brazil is currently the third-largest chicken meat producer in the world, behind the United States and China, per official USDA data. Post forecasts chicken production will continue to make steady gains, growing two percent in 2022 to reach 14.85 million metric tons.
Post revised up its forecast production because of stronger than initially anticipated external demand.
> The Brazilian Institute of Geography and Statistics (IBGE) has been compiling monthly slaughter data since 1997.
Data for 2022 is not available yet, though Post anticipates that Brazil will continue to top records set during the last year.
Post anticipates that in 2022, Brazil will set a historical production record as demonstrated by the graph below.
Figure 1. Brazilian chicken meat production, 1997-2022 Projection
Price and Profitability Outlook
Post forecasts that poultry prices will increase for the remainder of 2022. The forecast is based trend registered in the first quarter of 2022 that saw a sharp reversal from the end of 2021.
For 2022, Post anticipates that domestic food prices in Brazil will climb across the board on the account of military action in the Black Sea region, which has disrupted the
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