Brazil: Revenue from beef exports grew 7% in January

Revenue from Brazilian beef exports (in natura and processed) grew 7% last month compared to January 2022, to US$798.2 million, according to the Brazilian Association of Frigorificos (Abrafrigo) based on data from the Secretariat of Foreign Trade (Secex). The volume shipped was 17% higher, totaling 183.8 thousand tons. In total, 55 countries increased their imports, while 64 reduced. Abrafrigo warns of a drop of 8.6% in average prices per ton exported, to US$ 4,630. "The contract renegotiations that China has been promoting in its purchases of beef was what most contributed to this reduction", says the entity, in a note. Main destination of the protein, China absorbed 57% of the beef exported by Brazil, a higher share than in January last year (41.3%). It was US$ 485.3 million, or 100.2 thousand tons. The US was the second destination for Brazilian meat in January, even with a drop in purchases. The Americans imported 15.3 thousand tons (11% less), or US$ 79.7 million (fall of ...