Beef exports in Brazil have higher revenue in March despite falling prices

Published 2024년 4월 16일

Tridge summary

In March, Brazil witnessed a significant surge in its beef exports, with a 27% increase in volume to 206.05 thousand tons and a 21% rise in revenue to US$ 856.9 million compared to the same period last year, despite a decrease in the average price per ton. The first quarter of the year also saw a substantial growth in exports, with a 35% increase in volume and a 20% rise in revenue, totaling 672.33 thousand tons and US$ 2.712 billion, respectively. China continues to be the largest market for Brazilian beef, although its market share and the average price paid per ton have declined. The United States has emerged as the second-largest buyer, nearly doubling its import volume due to a decline in its livestock cycle, while the United Arab Emirates has significantly increased its imports, becoming the third-largest buyer. These trends underscore the robust global demand for Brazilian beef and the country's prominent position in the international meat market.

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

Original content

Total beef exports from Brazil, considering fresh and processed products, reached 206.05 thousand tons in March, an increase of 27% compared to the same period of the previous year. Revenue from shipments increased 21%, to US$ 856.9 million, even with the average price of protein falling, reported the Brazilian Association of Meat Packers (Abrafrigo) this Monday (15/4). The value of a ton shipped was US$4,158 last month, versus US$4,356 in March 2023, when prices were already lower than in previous years, showed the entity's survey based on data from the federal government. In the first quarter, the volume of meat exports was 672.33 thousand tons (+35%), and revenue reached US$ 2.712 billion in the same period (+20%). China remains in the leading position among Brazilian protein destinations, with a share of 41.1% of the total moved, despite having reduced this market share – in 2023, the percentage was 45.7%. According to Abrafrigo, in the first quarter of this year, the Chinese ...

Source: Beefpoint