High feed costs cause shifts in Brazilian poultry market

Price of chicken in Brazil is on the rise, as the huge hike in the price of feed works its way through. Per capita, domestic consumption is set to fall this year. Our correspondent in the country analyses the effects of the current turmoil in the poultry market of the largest exporter in the world. By Patrick Knight The virtual doubling of the price of soy meal and maize between them, is responsible for 70% of the cost of producing live birds, is the latest and probably most severe challenge f