Revenue from Brazilian beef exports falls for the first time in 2020
Fresh Whole Beef
China
Francielle Rozzatti
Published Oct 8, 2020
Brazilian exports of fresh and processed beef increased by 2% in September compared to the same month of 2019, reaching the mark of 166,366 tons, data from the Brazilian Refrigerators Association (Abrafrigo). Even so, last month's foreign exchange revenue dropped 2% compared to 2019, reaching USD 668.7 million against USD 679.8 million. This is the first time since January 2020 that revenue falls compared to the same month of 2019.
Year-to-date, total beef exports reached 1.460 million tons, compared to 1.332 million tons until September 2019, a 10% growth. Revenue in the period reached US$ 6.1 billion, compared to US$ 5.1 billion in the same period in 2019, a 20% growth.
China remains the main buyer of Brazilian beef, being responsible alone for the purchase of 57.4% of the volume traded. The second-largest importer of Brazilian beef is Egypt, followed by Chile, Russia and the USA.
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