Brazilian beef exports grew in July and the sector generated more foreign currency

Frozen Bone-In Beef

Fresh Whole Beef

Brazil

Published Aug 7, 2022

Tridge summary

After growing by 46% in February and, on average, exceeding 20% in the first 7 months of the year, compared to the same period of the previous year, total beef exports (fresh plus processed) slowed down for the second month in a row and rose by 6.25% in July.

Original content

After growing 46% in February and, on average, exceeding 20% in the first 7 months of the year, compared to the same period of the previous year, total beef exports (in natura plus processed) slowed down for the second month in a row and rose 6.25% in July. Product revenues, which accompany the rise in raw materials abroad, contributed foreign exchange for US$1,231 million in July 2022, an increase of 21.8% compared to July 2021, which was US$1,010 million. The information is from the Brazilian Association of Refrigerators (Abrafrigo), which compiled data from the Ministry of Foreign Trade (Secex), of the Ministry of Finance. So far this year, Abrafigo reported that, until July, total beef exports reached 1,293,071 tons compared to 1,071,772 tons last year, in the same period, with an increase of 20.65%. Revenues in 2021, meanwhile, were US$5,095 million and in the first seven months of 2022 they amounted to US$7,471 million, 46.65% more, following good international prices. Among ...

Source: Elagro