Brazil: In revenue, total beef exports in July fall by 29%

With negotiated prices for beef still falling significantly compared to 2022, total beef exports in July showed a 29% reduction in revenue and growth of just 1% in volume. The information was provided by the Brazilian Association of Meatpackers (ABRAFRIGO), based on data compiled by the Foreign Trade Secretariat (Secex), of the Ministry of Development, Industry, Commerce and Services (MDIC). In July 2022, Brazil raised US$ 1.229 billion with the sale of 203,592 tons of fresh and processed beef. As of July 2023, revenue was $877.1 million and volume was 205,612 tons. In the accumulated result for the year, the country obtained revenues of US$ 5.811 billion (-22%) with the movement of 1,282,066 tons (-0.55%). In comparison, last year, until July, revenue was US$ 7.461 billion and the export volume was 1,289,187 tons, according to Abrafrigo. Last year, in July, China bought 111,945 tons, which generated revenues of US$ 786.22 million. This year, in the same month, acquisitions ...