Brazilian beef shipments fall 25%

Published 2023년 5월 9일

Tridge summary

In April, Brazil's beef exports revenue fell by 43% to US$ 1.104 billion and the volume dropped by 25% to 140.7 thousand tons, primarily due to a decrease in imports from China, which had interrupted purchases in March. From January to April, beef sales abroad generated US$ 2.882 billion, a 28% decrease from the same period last year. However, pork exports saw an increase both in April and the first four months of the year, with a 16.6% rise in volume and a 29.9% increase in revenue. Protein shipments from Brazil totaled 379.4 thousand tons from January to April, a 15.9% increase compared to the same period of the first four months of last year.

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

Original content

Revenue from beef exports (in natura and processed) reached US$ 1.104 billion in April, which represented a drop of 43% compared to April 2022, said yesterday the Brazilian Association of Frigorificos (Abrafrigo), which compiled data of the Foreign Trade Secretariat (Secex). Already the volume of shipments fell 25%, to 140.7 thousand tons. According to the entity, the decline mainly reflected the drop in imports from China, which interrupted purchases in March. Shipments generally take place 45 days after the sale. From January to April, sales abroad generated US$ 2.882 billion, or 28% less than in the same period last year, and the volume decreased by 12%, to 639.6 thousand tons. Average prices retreated 18% to $4,506. In all, 65 countries increased their purchases of Brazilian beef, and 74 reduced. China, which imported the equivalent of US$ 2.233 billion in the first four months of 2022, bought just US$ 1.326 billion in Brazilian beef in the first four months of this year. ...

Source: Beefpoint