Next year, the USDA anticipated, the beef trade in the world will fall by 100,000 tons

Published 2022년 11월 1일

Tridge summary

The USDA predicts a slight decrease in the international bovine meat trade to 12.1 million tons in 2023, primarily due to a drop in demand from China, the world's largest beef importer. This is expected to result in a 14% decrease in US exports, while Brazil and Australia are expected to increase their exports to 2.9 million tons and 1.5 million tons, respectively. Mexico's bovine meat exports are also anticipated to rise by 2.3% to 440,000 tons.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

For the following year, the international trade of bovine meat could rise to 12.1 million tons, a volume that would be less than 12.2 mt. forecast for the close of 2022. According to the projections of the United States Department of Agriculture (USDA), this scenario would be due to a lower demand in China, where 2.8 mt would be destined, a lower figure in interannual terms by 9.2%. This would be the first recorded drop in purchases of beef from the Asian country in the last five years, a period in which it went from 1.2 mt. (2018), up to 3.1 m. (forecast for 2022). US exports would fall by at least 14% next year, Brazil would take advantage of this scenario to continue as a leader in the field of trade This would mainly affect US exports, with a considerable drop of 14% compared to what was forecast for this year, with which 1.6 mt will be positioned abroad. In contrast, the Brazilian meat industry would take advantage of a lower participation of this and other countries in the ...
Source: Ganaderia

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