Brazilian beef exports hit record high in September

Published 2024년 10월 15일

Tridge summary

Brazilian beef exports hit a record high in September, with a 30% increase compared to the same period last year, reaching 319,026 tons and generating revenue of $1.287 billion, a 28% increase. The average price per ton also saw a slight increase. From January to September, beef exports totaled 2,349,611 tons, a 33.7% increase compared to the previous year, with revenue 21% higher at $9.394 billion. China remains the largest market, but Brazil is diversifying and seeing increased sales to Algeria, Mexico, and Turkey. It is predicted that 35% of the country's beef production, estimated at 10 million tons, will be exported this year.

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

Original content

Brazilian exports of fresh and processed beef broke a record in September, totaling 319,026 tons, a 30% increase compared to the same period last year, according to figures released by the Brazilian Association of Meatpackers (Abrafrigo) based on data from the Foreign Trade Secretariat (Secex). In terms of revenue, foreign sales totaled US$ 1.287 billion, an increase of 28% in the same comparison. “Brazilian companies managed to slightly improve the average price negotiated this month, with the average value reaching US$ 4,035 per ton, an amount close to the US$ 4,073 per ton obtained in 2023, in the same month,” notes Abrafrigo in a note. Year-to-date, beef exports totaled 2,349,611 tons, an increase of 33.7% compared to 2023, and revenue 21% higher in the same comparison, at US$ 9.394 billion. China was the main destination, with 932,335 tons and revenue of US$ 4.119 billion. China's relative share of total exports, however, fell from 49% in 2023 to 39.7% in 2024. According to ...

Source: Beefpoint