News

Brazil: Beef exports in November cool down

Frozen Bone-In Beef
Brazil
Published Dec 7, 2022

Tridge summary

After eight straight months of revenue exceeding US$ 1 billion a month, total beef exports cooled in November and foreign exchange inflows stood at US$ 872.7 million. In volume, the movement also presented a drop: the last four months were of exports above 200 thousand tons and in November they dropped to 173,783 tons.

Original content

According to ABRAFRIGO, in the year, total beef exports have already reached the sum of US$ 12.2 billion in revenue, against US$ 8.5 billion in the same period of 2021, a growth of 44%. In volume, handling until November reached 2,158,786 tons, compared to 1,716,000 tons last year, growth of 25.8% over 2021. Beef imports from China, until November, provided revenue of US$ 7.48 billion, a growth of 93% over 2021, with US$ 3.88 billion. In terms of volume, growth was slightly lower. Until November, 1,149,242 tons were destined for China, against 722,451 tons in the same period of 2021, an increase of 59%. This year, the United States became the second largest importer of the Brazilian product. In 2021, its purchases generated revenue of US$ 801.7 million and in 2022 it reached US$ 904.1 million (+ 12.8%). In terms of volume, imports were 117,805 tons in 2021 and 173,141 tons in 2022 (+47%). Chile ranked third, even with a reduction in purchases, with revenues of US$ 360.1 million ...
Source: Agrolink
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.