The trade dispute between the United States and China has benefited Brazil so far but could prove harmful long term as higher grain prices will make the country’s exports less competitive, Brazil’s farm minister said. Brazil is the world's leading poultry exporter.
Industry Minister Debora Giorgi said that Argentina is on track to become, in the short term, the fourth largest producer of poultry meat. According to the Industrial Strategic Plan 2020, the sector achieved in less than a decade exports of 600.000 tons per year.
Argentina is currently ranked among the world’s top six exporters of chicken meat (breast and legs) while in beef has dropped to position nine, according to the latest data from the US Department of Agriculture, USDA.
The Dutch-based agro-investment bank Rabobank believes that Argentina is primed for significant and very competitive growth, where poultry production is concerned over the coming years.
The Chinese Commerce Ministry said it would impose a 105.4% tariff on U.S. chicken exports after concluding they were unfairly priced. After a yearlong investigation, China concluded US exporters were selling chicken in China at prices that were lower than the costs of production, a practice known as product dumping.