Brazil: Export performance of fresh meat in the first ten days of March
Meat
Brazil
Published Mar 14, 2023
Tridge summary
Even though they have been affected by the suspension of exports to China and some other countries, beef exports continue to register an increase in the volume shipped. In the first eight working days of March, they corresponded to a daily average of 7,688 tons, a volume that represented an increase of almost 20% compared to last February and around 10% compared to March 2022. This advance, however, is being achieved at the expense of the average price, 17.5% lower than that recorded a year ago. However, the value reached so far US$4,869.81/ton remains relatively stable compared to last February (increase of 0.30%). As the increase in volume was insufficient to neutralize the effects of the drop in price, foreign exchange revenue tends to show a negative result in the month. For the time being, based on the daily average, it is just over US$41 million, retreating close to 10% compared to the daily average of March 2022.
Original content
Pork and chicken continue to show promising results both in terms of volume and average price. The consequence is foreign exchange earnings that tend to be significantly higher than last month or a year ago. In relative terms and considering the volume shipped, the one with the best indexes is chicken meat: by the daily average, an increase of 35%. And although its average price is less than 4% higher than a year ago, foreign exchange revenue, also based on the daily average, registers an increase of more than 40%. The increase in the volume of pork meat corresponded to practically half of that registered by chicken meat: 17.92%. On the other hand, the product showed better price evolution, which increased by 17.5% compared to March 2022. Hence an average daily foreign exchange revenue one third higher than that of a year ago. It should be noted that in less than 35% of the working days in March (8 out of a total of 23 working days), the volume of pork meat represents ...
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