Brazil: Poultry and Products Semi-annual

Brazil`s economy is still recovering from the negative impacts of the pandemic on its GDP growth, employment, and most sectors of the economy. For 2023, the Brazilian Central Bank (BCB) forecasts GDP to grow 0.76 percent and 1.5 percent in 2024. Consumption will benefit from social spending in 2023. Producers have resorted to exports to benefit from the devalued Real, and compensate costs associated with animal feed in production. For 2023, the outlook for the poultry sector’s production and trade is positive, and Post anticipates expansion, mainly due to the global demand increase.