Global beef exports in 2024 are expected to increase by 2%

Published 2024년 5월 6일

Tridge summary

Global beef exports, excluding the US, are projected to increase by 2% in 2024. However, China's beef imports are expected to decrease by 4% due to stable domestic consumption and a 2% increase in domestic production. As a result, countries with high beef exports will seek other markets. Australian beef exports are anticipated to rise by 9% due to an ample supply and competitive pricing, finding its way to East Asia and North America. Brazil is set to remain the world's largest beef exporter, with a slight increase of 1% to 2.9 million tons. India's beef exports are also expected to grow by 3% because of strong demand in Southeast Asia and the Middle East.

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

Original content

Source: nhachannuoi.vn Excluding the US, global beef exports are expected to increase 2%. China's beef imports are forecast to decline 4% as domestic consumption is forecast to be stable year-on-year and domestic production is forecast to increase 2%. Therefore, countries with abundant exports will look for other markets in 2024. Australian beef exports are forecast to increase by 9% as abundant supply and competitive prices boost exports to East Asia and North America. Strong US import demand will also support growth in Australian beef exports, as are expected declines in US beef exports to key East Asian markets. Brazil is forecast to remain the world's largest beef exporter, but 2024 exports will increase only 1% to 2.9 million tons. Solid demand from key trading partners such ...

Source: AgroInfo.vn