August: Brazil's beef exports set a record this month

Published Sep 16, 2024

Tridge summary

In August, Brazil's beef exports hit a new monthly record, exceeding 300,000 tons for the first time, driven by high demand from China, the United States, and the United Arab Emirates. This represents a 31.5% increase compared to the same month last year, with year-to-date exports up 34% to 2.03 million tons. Despite a drop in prices, export revenue grew by 16.7% to $1.122 billion. China, the largest importer, boosted its purchases by 9.5% to 796,836 tons, while the United States and the United Arab Emirates also saw significant increases. Overall, 89 countries have increased their imports of Brazilian beef this year.

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

Original content

Brazil's total beef exports in August hit a new monthly record, surpassing 300,000 tons in a single month for the first time, the Brazilian Meatpacking Association (Abrafrigo) reported on Friday (13), which compiled government data. In August, the world's largest meat exporter exported 301,951 tons, including processed and fresh products, with Brazil registering the largest purchases from China, the United States and the United Arab Emirates this year. The volume exported in August represents a 31.5% increase compared to the same period last year, Abrafrigo said. On the supply side, beef production is strong, with cattle slaughtering reaching records in the second quarter, according to data from the Brazilian Institute of Geography and Statistics (IBGE). In July, exports had already reached records, with industry representatives highlighting opportunities in import markets and a favorable exchange rate. With prices falling, revenue from exports last month grew less than volume, or ...

Source: Beefpoint