Brazil: Beef exports grow 28% in January

Published 2024년 2월 9일

Tridge summary

Brazil's beef exports in January 2024 saw a significant increase of 28% in volume, reaching 235.34 thousand tons, compared to the same period in 2023. Despite a drop in average prices by 14.6%, the total revenue still grew by 9.3% to US$930.6 million. China remained the top importer of Brazilian beef, although its imports fell by 3.1%. The United States showed a substantial increase in import volume by 225.9%, becoming the second largest importer, followed by the United Arab Emirates, Hong Kong, and Egypt.

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

Original content

Beef exports (fresh and processed) in January grew 28% in volume compared to the same month in 2023, from 183.81 thousand tons to 235.34 thousand tons. Average prices fell from US$4,630 per ton in January 2023 to US$3,954 per ton in January 2024 (-14.6%). Total revenue reached US$930.6 million against US$851.1 million in January last year, growth of 9.3%. The information comes from the Brazilian Association of Refrigerators (Abrafrigo), which compiled the data from the Secretariat of Foreign Trade (Secex), from the Ministry of Development, Industry, Commerce and Services (MDIC). China remained the main customer for Brazilian beef, but imported 3.1% less in January 2024 – from 100.16 thousand tons to 97.05 thousand tons. The average price paid by China fell from US$4,845 to US$4,404 in January this year (-9%). The United States was the second largest importer of Brazilian beef in January. Volume increased from 15.29 thousand tons to 49.85 thousand tons (+225.9%). But the price fell ...

Source: CanalRural