Brazil accelerated exports to the US and recorded drops in shipments to China during January

Published 2024년 2월 18일

Tridge summary

Brazil's fresh beef exports in January fell by 27 thousand tons from the previous month to 181,690 tons, despite a 13% year-on-year increase. The average value also contracted by 7%. China remained the largest importer of Brazilian beef, although volumes were at their lowest since January. Other significant importers included the United States, the United Arab Emirates, Turkey, and Mexico. The drop in volume to China was attributed to a redirection of shipments to other destinations due to lower export prices.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Faxcarne | Brazil exported 181,690 tons of fresh beef in January at an average value of US$ 4,523 per ton, some 27 thousand tons below the previous month and with a minimum decrease of 0.5% in the average value. In the annual comparison, the volume increased 13% and the average value contracted 7%. 96,329 tons were shipped to China, the lowest monthly volume since January. The average export value to this destination was US$ 4,425 per ton, the lowest since October 2020, more than three years ago. The drop in volume was due to a diversion of shipments to other destinations that, with the drop in export prices to China, gained prominence. Sales to the United States were once again very fluid, accumulating 18,129 tons, about 200 tons more than in December. Brazil is rushing to place the quota of just over 65 thousand tons that the United States grants to third countries and which is fundamentally completed by Brazilian exporters and, to a lesser extent, by Paraguayans. There was a ...
Source: Elagro

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
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.