Brazil sets new record for beef exports in October

Published 2024년 11월 18일

Tridge summary

In the first ten months of 2024, Brazil's beef exports reached 2.29 million tons, nearly matching the total exports of 2023, and generated US$ 10.5 billion. The Brazilian Association of Meat Exporting Industries (Abiec) expects to maintain these record levels through December. China remains the largest market, importing 159,595 tons in October, which is 54.4% of Brazil's beef exports. The United States and the Philippines follow as the second and third largest buyers. Fresh meat dominates the exports, with notable increases to the United States, United Arab Emirates, Hong Kong, and Chile. The outlook for the rest of 2024 hinges on balancing domestic demand and foreign negotiations, with expectations of record-breaking export volumes and revenue.

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

Original content

According to the analysis by the Brazilian Association of Meat Exporting Industries (Abiec) on the figures released by the Ministry of Development, Industry, Commerce and Services (MDIC), in the first ten months of 2024 alone, beef exports in Brazil have already practically equaled the result for the entire year of 2023, when the country exported 2.29 million tons, generating US$ 10.5 billion. The trend for the end of this year, according to Abiec, is for records to be maintained until December. "To give an idea of the size and efficiency of Brazilian beef exports, it is enough to say that, in October, more than 400 containers were shipped per day from Brazil", explains the president of Abiec, Antônio Jorge Camardelli, who also states that, in the same month, the average prices of exported beef recovered by 5%, driven by the 7.4% increase in the average price of fresh meat . China, Brazil’s largest market, imported almost 159,595 tons. "This confirms, once again, the partnership ...

Source: EuroMeat