Tridge summary
The United Arab Emirates has significantly boosted its imports of Brazilian beef, moving from fifth to third place among the largest buyers from January to July this year, with a 212% increase in volume and a 218% increase in revenue compared to the same period in 2023. Overall, Brazilian beef exports saw a 35% rise in volume and a 20% rise in revenue, with China remaining the largest importer, followed by the United States, the UAE, and Chile. Despite China's dominance, there is a noticeable trend towards diversification among importers.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
The United Arab Emirates rose from fifth place among the largest buyers of Brazilian beef from January to July last year to third place in the ranking in the same period this year, according to data released this Monday (12) by the Brazilian Association of Meatpackers (Abrafrigo). The Arab country imported 106.48 thousand tons of the national product in the first seven months of this year, compared to only 34.12 thousand in the same months of 2023, with a growth of 212%. Revenue was US$ 484.8 million against US$ 152.1 million in the same comparison, an increase of 218%. The Emirates bought beef from Brazil for US$ 4,550 per ton in this period this year and for US$ 4,460 last year. Abrafrigo figures show that, overall, Brazilian beef exports, including processed and fresh products, totaled 1.7 million tons from January to July, up 35% over the same months in 2023. Revenue totaled US$6.98 billion, up 20% in the same comparison. China was the largest destination for exports, ...
Source: Beefpoint
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