Poultry prices have seen a modest decline of 0.04 BRL/Kgs, rresenting a 0.53% decrease since the beginning of 2024. This information is based on trading for a contract for difference (CFD) that tracks the benchmark market for this commodity. Notably, poultry prices reached an all-time high of 8.60 BRL/Kgs in Stember 2021.
Looking ahead, analysts project poultry prices to stabilize at 7.40 BRL/Kgs by the end of this quarter, according to global macroeconomic models and expert expectations. Furthermore, in a 12-month outlook, poultry is estimated to trade at 7.64 BRL/Kgs, indicating a potential recovery in market conditions.