Beef exports in Brazil drop by 7.6% in October

Published 2022년 11월 9일

Tridge summary

Beef exports in October saw a 7.6% decrease compared to September, according to Comex Stat, with a total of 211.8 thousand tons shipped. Despite this, there has been a 95% increase compared to October of the previous year, largely due to a temporary embargo by China. From January to October, beef exports increased by 19.4% compared to the same period in 2021, reaching almost 1.923 million tons. Projections for the rest of the year suggest an annual growth of over 23%, with a total of 2.307 million tons expected for 2022.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Information made available on the foreign trade statistics service (Comex Stat) shows that beef exports declined in October. The total shipped reached 211.8 thousand tons, a volume close to that shipped in August 2021, meaning a 7.6% drop compared to last September. The comparison with October of last year indicates a significant increase of 95%. This is because China, the main customer of the Brazilian product, imposed a temporary embargo that greatly affected shipments in that period. In the first 10 months, shipments totaled almost 1.923 million tons, representing growth of 19.4% over the same period in 2021. The average volume projected for the rest of the year signals a volume of 2.307 million tons for 2022. If achieved , will be equivalent to annual growth of more than 23%. For now, the ...

Source: Portal Do Agronegocio