Brazil will consume more beef in 2023, according to Rabobank

Published 2022년 11월 17일

Tridge summary

A report by Rabobank predicts a 1.5% increase in Brazil's beef consumption per capita in 2023, reaching 28.2 kilos per person per year. Beef production is expected to grow by 2% to 10.5 million tons. The recovery in meat consumption is due to an economic recovery, lower interest rates, and lower inflation. The increase in supply is expected to put downward pressure on arroba prices but will also help recover domestic consumption levels. Small and medium-sized slaughterhouses are likely to benefit the most from this recovery. In 2023, the United States, the world's second-largest beef buyer, could enter a new trade agreement with Brazilian exporters due to a projected reduction in its protein production by 3.5%.

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

Original content

After the per capita consumption of beef in Brazil reached its lowest level in more than a decade in the last three years, the outlook for 2023 is for growth in domestic sales. This is indicated by a report by Rabobank, which indicates that the volume consumed by Brazilians should go from the current 27.7 kilos per inhabitant per year to 28.2 kilos, an increase of 1.5%. According to the bank's animal protein analyst, Wagner Yanaguizawa, "the baseline scenario we are working on is an economic recovery in purchasing power, reflecting an economic environment of lower interest rates and lower inflation, which should favor meat consumption." vaccine". Beef production next year is expected to be 10.5 million tons, which represents an increase of 2%, according to a note collected by the portal agromeat.com. The analyst highlights the drop in calf prices and the increase in the discarding of females this year as signs of a reversal of the livestock cycle, with a greater supply of animals ...

Source: MXContexto