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US chicken export prices up more than for Brazil

The chart below suggests, at first sight, that Brazil's chicken exports have done much better than the USA's. It was drawn up using data from the UN Food and Agriculture Organization (FAO) and shows prices paid for chicken meat exported by the US and Brazil in 2012.
Comparing the average prices in 2012 with the year before, it is clear that Brazilian chicken fell by over 7%, while the USA's increased by over 7%.
The decline in the Brazilian product's prices meant the average price fell back to that seen in 2008, when the global economic crisis broke. The gain in 2012 on 2008 was only 1.84%.US chicken exporters last year achieved an average price that was 23% up on 2008's.


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