Brazilian beef exports break new record in May

Published Jun 7, 2024

Tridge summary

In May 2024, Brazil achieved a record in beef exports, shipping 240,622 tons and generating revenue of US$ 1.056 billion, marking the second consecutive month of increase. The United States, Chile, and the European Union saw a surge in imports, especially fresh meat, while China remains the largest market for Brazilian beef. From January to May 2024, Brazil's beef exports experienced significant growth, reaching 1.07 million tons and US$4.73 billion in revenue, with notable increases in shipments to China, the United Arab Emirates, and Turkey. This growth is attributed to efforts in market strengthening, product diversification, and negotiations for better commercial opportunities by collaborations between various ministries and ApexBrasil.

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

Original content

In May 2024, Brazil exported 240,622 tons of beef. It was the second consecutive month of record export volume, which generated a total of US$ 1.056 billion. The data was released this Thursday afternoon (06), by the Ministry of Development, Industry, Commerce and Services (MDIC). According to the Brazilian Association of Meat Exporting Industries (Abiec), which compiles and analyzes official information, compared to the previous month, the volume shipped increased by 1.4% and revenue grew by 1.2%. Highlights of the period include exports to the United States, which grew 64.6%, reaching 13,186 tons, driven by the increase in shipments of fresh meat, which more than doubled between April and May. Revenue from exports to the North American market was US$83.4 million, a growth of 52.1% compared to the previous month. Shipments to Chile also grew in May. 10,414 tons were shipped, 21.9% more than in April. Revenue reached US$50.8 million, 23.7% higher than the previous month. Even ...

Source: NoticiasAgricolas