Price paid for Brazilian meat is pressured by China

Published 2022년 11월 10일

Tridge summary

China, the largest consumer of Brazilian beef, has been applying pressure on the prices paid for the meat, leading to a decrease in the average price from a record high of US$ 7.33 per kilo in June to US$ 6.14 per kilo in October, the lowest of the year. This price drop has impacted the trading values of beef in Brazil, with the average price per arroba (12.5 kilos) decreasing by 3.4% in November compared to October and by 10.9% throughout 2022, adjusted for inflation. The decrease in prices paid by China, along with an increase in the supply of animals for slaughter, has resulted in longer scaling times in Brazil.

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

Original content

China, the largest foreign destination for Brazilian beef, has been putting pressure on the amounts paid for beef. According to data from Secex, in January, the national protein was shipped to the Asian country at an average price of US$ 6.25 per kilo, rising consecutively until June, when it reached the record of the historical series, of US$ 7, 33/kg. Since then, the values started to fall month after month, reaching US$ 6.14/kg in October, that is, the lowest this year. According to data from the Cepea newsletter, researchers point out that recent drops in prices paid by China for Brazilian beef have resulted in pressure on the trading values of beef at arroba in Brazil. Cepea data show that, in this month's partial (until November 8), the average of the Indicator is R$ 286.03, a decrease of 3.4% compared ...

Source: Agrolink