Brazilian beef production is expected to grow 4% in 2024 and reach record exports

Published 2024년 3월 4일

Tridge summary

The United States Department of Agriculture (USDA) in Brasília projects a 4% increase in Brazilian beef production to 11.37 million tons in 2024. Domestic beef consumption is also expected to rise by 4% to 8.5 million tons due to improved economic conditions and increased availability. Brazil is also set to export a record 2.955 million tons of beef, which is 26% of all production. Additionally, Brazil's pork production is predicted to increase by 4% to 4.68 million tons, with domestic consumption rising to 3.18 million tons and exports increasing by 6% to 1.5 million tons.

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

Original content

By Ana Ritti São Paulo, 03/04/2024 - Brazilian beef production is expected to reach 11.37 million tons of carcass equivalent (TEC) in 2024, according to the representation of the United States Department of Agriculture (USDA) in Brasília ( DF). The volume represents an increase of 4% compared to last year, of 10.95 million tons. The projection considers the increase in cattle slaughter, better economic conditions for consumers, in addition to less competition abroad and solid external demand, especially from China, says the agency. Domestic beef consumption should be 8.5 million tons in 2024, an increase of 4% compared to 2023, estimates the USDA in Brasília. The forecast is based on the increase in the availability of beef in the domestic market, due to the increase in slaughter rates and an improvement - albeit slow - in the economic scenario, with relatively lower prices in the first half of the year. The main global exporter, Brazil is expected to ship a record volume of 2.955 ...

Source: Broadcast