Brazil loses $700 million from August to October in meat exports, but overall sales rise

Despite the additional tariffs imposed by the United States government on Brazilian products, total beef exports in October generated revenue of US$ 1.897 billion, an increase of 37.4% compared to the same period in 2024. A total of 360.28 thousand tons were moved, 12.8% more than a year ago. The drop in exports to the US, with an estimated loss of US$ 700 million from August to October, was offset by increased sales to other countries. The information is from the Brazilian Association of Meatpackers (Abrafrigo), which compiled data from the Foreign Trade Secretariat (Secex), of the Ministry of Development, Industry, Trade and Services (MDIC), including beef in natura and processed, edible offal, and beef tallow, among other by-products of the beef production chain. According to Abrafrigo, in the first ten months of the year, total exports have already provided a record revenue of US$ 14.655 billion, an increase of 36% over the same period in 2024. The movement, also a record, was ...