Brazilian beef exports fall in June

Published 2024년 7월 18일

Tridge summary

Brazil's beef exports, which hit a record high in May, saw a slight decrease in June, totaling 242,649 tonnes, marking a 2.7% increase from the same period in 2023. Despite the rise in volume, a significant 11% drop in revenue was observed, falling from US$1.089 billion in 2023 to US$971.2 million in 2024, due to a decrease in average prices. From January to June 2024, Brazil's beef exports amounted to 1,440,893 tonnes, a 34% increase from the same period in 2023, but revenue growth was only 18% due to lower average prices per ton. China, the United States, and the United Arab Emirates were the top buyers of Brazilian beef, with China's purchases decreasing but paying less, and the United States increasing its share significantly.

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

Original content

After reaching a record in May with exports of 273,994 tonnes, Brazil's total beef exports (including fresh and processed meat) slowed in June, reaching 242,649 tonnes. This volume represents a modest growth of 2.7% compared to June 2023, when 236,259 tons were exported. Although export volume increased, revenue showed a significant drop of 11% compared to the same month of the previous year. In June 2023, revenue was US$1.089 billion, while this year it was US$971.2 million, due to the drop in average prices from US$4,611 per ton in 2023 to US$4,002 in 2024. The information comes from the Brazilian Association of Refrigerators (ABRAFRIGO), which compiled the final data from the Secretariat of Foreign Trade (SECEX). Year to date, exports reached 1,440,893 tons, an increase of 34% compared to 1,076,325 tons in the same period of 2023. However, revenue grew only 18% due to the reduction in average prices per ton, which fell from US$4,583 in the first half of 2023 to US$4,041 in the ...

Source: Portal Do Agronegocio