Brazil confident that China's beef market is recovering, but at lower prices
Frozen Bone-In Beef
Fresh Whole Beef
Meat
Brazil
China
Published Mar 23, 2023
Tridge summary
The price of beef (fresh, chilled or frozen) exported by Brazil mainly to China in the first week of February maintained the downward trend of the last eight months, but, according to analysts, the trend now is for prices to recover in the rest of the year, although to levels lower than those observed in June.
Original content
According to data from the Foreign Trade Secretariat (Secex), the ton was sold for US$ 4,822.90, on average, at the beginning of this month, with retreats of 0.4% in relation to the average of January and of almost 14% in the comparison with February 2022. Last June, the protein was exported for US$ 6,826.30 a ton. The Brazilian Association of Frigorificos (Abrafrigo) recently expressed concern about the drop in prices of exported meat, not least because the margins of slaughterhouses in the domestic market are still tight thanks to retracted demand. The entity stated that the renegotiation of contracts with customers in China, the main destination for shipments, was the greatest pressure factor. “The anticipation of purchases for the Chinese New Year made the renegotiation movement possible”, agrees Thiago Bernardino, a researcher at the Center for Advanced Studies in Applied Economics (Cepea), at Esalq/USP. “But we must remember that the [external] demand this year will be ...
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.