Cheap dollar makes US a formidable competitor in beef and chicken production

Tuesday, March 29th 2011 - 04:44 UTC

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Emerging countries such as Brazil found a significant space to expand meat exports during the last decade but a heavy weight competitor, United States will be gaining international competitiveness in the sector in coming years because of the steep depreciation of the US Dollar against other currencies. Read full article

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GeoffWard
It would seem that it will soon be cheaper to import beef and chicken from the USA than to produce it here within South America.
If the critical factor is the value of the $ against local currencies, and the USA is able to produce at ''developing world' prices or below, than the future becomes progressively bleaker for S.A. unless margins are cut in this southern continent.
Luckily the USA can't provide for all the protein needs of China, so there will always be trade at some price for South American animal protein producers.
Mar 29th, 2011 - 12:24 pm - Link - Report abuse 0
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briton
Will this not be better for the £ perhaps
Mar 29th, 2011 - 12:53 pm - Link - Report abuse 0
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