The Government of Egypt announced the suspension of the tariff on the import of chicken meat. This will affect shipments of Brazilian products to North Africa. The Brazilian Animal Protein Association (ABPA) released the information.
The Egyptian Government released a statement. In it, they announced the suspension of the MFN tariff, which was 30%. This suspension applies to all countries and will last for 6 months. The measure mainly affects whole chicken, which is the main product exported by Brazil to Egypt.
Brazil is the main supplier of the product to the Egyptian market, even so, with more than 90% share of imports from the North African country.
“The president of ABPA, Ricardo Santin, assesses that the suspension of the tariff will make the Brazilian product more competitive, however, it will complement the local supply, which has been impacted by the effects of Avian Influenza in its territory and increases in production costs. ”
Egypt is among the 20 largest importers of chicken meat from Brazil. Between January and September, the market imported 50 thousand tons of the product, generating revenue of US$ 107.7 million in the period.
“Historically, the Egyptian market is a relevant buyer of whole chickens from Brazil, especially the heavier sections. However, this improvement in tariff conditions facilitates access to the Egyptian market. Furthermore, Algeria recently opened up to chicken meat exports, creating new opportunities for Brazilian exporters. Luís Rua, markets director at ABPA, highlights this trend.
Source: Notícias Agrícolas
