Brazil: Beef exports will grow in 2024 and 2025, says Conab

Brazil's beef production is expected to grow 7.4% in 2024 and reach 10.2 million tons, the second highest number in the historical series, according to the National Supply Company (Conab). For 2025, the sector is expected to face a 4.3% drop, reaching 9.8 million tons, due to the turnaround in the livestock cycle, greater retention of females and lower availability of cattle for slaughter. According to the state-owned company, slaughter has already increased 18.7% from January to August 2024, compared to the same period last year. The expectation is that between 37 million and 38 million head of cattle will be slaughtered this year. Exports, which stood at 3 million tons in 2023, despite China's temporary embargo due to the mad cow disease episode, have already increased 28.1% until August of this year. Foreign sales are expected to reach 3.6 million tons by the end of 2024, up 17.8% compared to last year. Conab is projecting a stable scenario for 2025 after this year's robust ...