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Brazilian chicken suffers from oil price slide

The falls in oil prices in recent months have hit Brazil's chicken meat exports, said the Brazilian Animal Protein Association (ABPA) yesterday.

According to ABPA, oil-exporting countries such as Russia, Venezuela and Angola have reduced their chicken meat purchases in Brazil. In a statement issued yesterday, the organization's CEO, Francisco Turra, suggested that the fall in oil prices may have reduced credit in some importing countries.

In January this year, Brazil exported 277,700 tons of chicken, down by 9.8% on the 307,800 tons shipped in January 2013, according to data from the Foreign Trade Office (Secex), compiled by ABPA.

Information provided by Valor Econômico



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