Brazil: Beef exports amount to US$ 695.2 million in February

Published 2023년 3월 8일

Tridge summary

Brazilian beef exports in February experienced a significant decline, with a 29% decrease in revenue and a 16% decrease in volume compared to the same period last year, totaling US$ 695.2 million and 152.28 thousand tons. This downturn is largely due to the suspension of beef exports to China following a case of 'mad cow disease'. Despite this setback, the first two months of 2023 still saw foreign sales of beef reaching US$ 1.546 billion, with a volume of 336,102 tons, marking a 13% decrease in revenue and a 1% decrease in volume compared to the same period in 2022. China continues to be the largest importer of Brazilian beef, followed by the United States, Chile, Egypt, and Hong Kong. The number of countries importing Brazilian beef has seen a slight increase, with 61 reporting an increase and 73 reporting a decrease in imports.

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

Original content

Brazilian exports of beef (in natura and processed) totaled US$ 695.2 million, equivalent to 152.28 thousand tons, informs the Brazilian Association of Frigorificos (Abrafrigo), based on figures from the Ministry of Development, Industry, Commerce and Services (MDIC). The numbers represent a drop of 29% in foreign currency and 16% in volume compared to February 2022, when shipments of the product totaled US$ 974.3 million, representing 181,727 tons. The drop was partly caused by the suspension of beef exports to China. On February 22, the Ministry of Agriculture and Livestock (Mapa) determined the interruption of shipments of the product to the Chinese country, due to an atypical case of bovine spongiform encephalopathy (BSE), better known as “mad cow disease”, in a 9-year-old bovine from a rural property in Pará. In the first two months, foreign sales of beef reached US$ 1.546 billion, with shipments of 336,102 tons. The numbers represent a drop of 13% in revenue and 1% in ...

Source: Agroemdia