Colombia and livestock exports: After a complex year, 2024 could close with better results

Botero highlighted that one of the main factors affecting exports in the first nine months of the year was the devaluation of the Brazilian real against the dollar and its impact on cattle prices. “While the Colombian peso devalued by 4% in the first 8 months, the Brazilian real devalued by 14%,” he said. This had a direct effect on cattle prices in Brazil, the main competitor in the international market. According to Botero, “cattle prices in Brazil, per kilogram of pasture scale, until September were more or less at 1.4 dollars.” However, in recent months prices in Brazil have registered a recovery, revealed Botero. “Fortunately, in the month of October and November, prices in Brazil have had a significant increase, reaching levels of 2.2 dollars per kilogram of pasture scale. The Colombian peso, therefore, also had a significant rebound and stabilized more or less at 4,200 pesos,” he added. These external factors were compounded by internal uncertainty over possible regulatory ...