Abrafrigo: beef exports of Brazil in March increase 27% compared to March 2023

Frozen Bone-In Beef
Market & Price Trends
Published Apr 17, 2024

Tridge summary

In March 2024, Brazil witnessed a significant surge in its beef exports, marking a 27% increase in volume to 206.05 thousand tons and a 21% rise in revenue to US$856.9 million compared to the same month in 2023, despite a 4.5% decrease in the average price per ton. The first quarter of 2024 also saw a notable growth in beef exports, with a 35% increase in volume and a 20% boost in revenue year-over-year. China continues to be the largest consumer of Brazilian beef, though its share in Brazil's total beef exports slightly declined. The period also recorded a 21% increase in volume and a 9.4% increase in revenue from Chinese imports, amidst a 9.8% fall in the average price per ton.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

By Leandro Silveira São Paulo, 04/16/2024 - Total beef exports from Brazil in March, considering fresh meat, processed meat and offal, increased 27% compared to the same month in 2023, from 162.77 thousand tons to 206.05 thousand tons . In terms of revenue, revenue last month reached US$856.9 million, 21% above the US$709 million in March 2023. The average price per ton, however, fell from US$4,356 in March 2023 to US$ 4,158 last month, a decline of 4.5%. The data was released by the Brazilian Association of Refrigerators (Abrafrigo), based on figures from the Secretariat of Foreign Trade (Secex), of the Ministry of Development, Industry, Commerce and Services (MDIC). According to the entity, in the first quarter of 2024, total beef exports reached 672.33 thousand tons, or 35% above the 498.82 thousand tons from January to March 2023. In terms of revenue, the accumulated result for the first quarter of 2024 totals US$ 2.712 billion, compared to US$ 2.255 billion in the same ...
Source: Broadcast
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