Despite tariff challenges, Brazil is on track for a new record in beef exports

In an analysis published in StoneX's Quarterly Commodity Outlook Report, it was highlighted that the increase of 26.4% to 76.4% in tariffs for meat in the US drastically reduced the competitiveness of the product against competitors such as Australia and Canada, but despite this, monthly export records continue to be registered. "Despite this, the data from August revealed the strength of the sector: Brazil recorded the highest monthly volume of beef exports in its history, highlighting the effectiveness of its geographical diversification strategy. China, already established as the main destination, increased its share to almost 60% of purchases, driven by stockpiling in anticipation of the Lunar New Year. Mexico also stood out, surpassing the United States as the second-largest buyer in June, with a threefold increase in acquisitions compared to 2024," noted Larissa Barbosa Álvarez, market intelligence analyst at StoneX. Other emerging markets reinforced this trend. Countries ...