Chicken Giant BRF Sees Trump’s Trade War Boosting Brazil Sales

Bloomberg11-14

(Bloomberg) -- BRF SA, one of the world’s largest chicken suppliers, expects Brazil to benefit from a potential trade war between the US and China when Donald Trump takes over next year. A move by the...

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That would divert some of its meat purchases to Brazil instead, according to Leonardo Campo Dallorto, BRF vice-president of international market and planning.More shipments to China would cement Brazil’s role as the world’s largest chicken supplier. The South American nation is expected to account for roughly 36% of global exports next year, which compares with 22% for the US, according to a US Department of Agriculture projection.Brazilian producers such as BRF took advantage from the country’s ever-growing supplies of corn and soybeans to expand poultry production. 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That would divert some of its meat purchases to Brazil instead, according to Leonardo Campo Dallorto, BRF vice-president of international market and planning.\nMore shipments to China would cement Brazil’s role as the world’s largest chicken supplier. The South American nation is expected to account for roughly 36% of global exports next year, which compares with 22% for the US, according to a US Department of Agriculture projection. \nBrazilian producers such as BRF took advantage from the country’s ever-growing supplies of corn and soybeans to expand poultry production. Meanwhile, output in the US has been constrained by a bird flu outbreak and a decline in egg fertility.   \nTrump has proposed a 10% to 20% tariff across the board on all imported goods into the US, and a 60% tariff on Chinese products. \n©2024 Bloomberg L.P.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"Business Data","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2483864724"}