Brazil: Foreign sales of beef reached US$ 1.225 billion

Published 2022년 11월 7일

Tridge summary

In October 2022, Brazil's beef exports experienced a significant surge, reaching US$ 1.225 billion, a 126% increase from the previous year, with a total export volume of 234 thousand tons, marking an 116% rise from October 2021. From January to October 2022, beef exports saw a 42% revenue growth and a 23% increase in volume compared to the same period in 2021. The average export price, however, decreased by 19.4% from June to October 2022. China, the largest buyer of Brazilian beef, contributed significantly to this growth, accounting for 61.4% of total beef sales abroad in October 2022.

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

Original content

Foreign sales of beef reached US$ 1.225 billion in October 2022, 126% higher than in October 2021 (US$ 541.6 million), when sales to China were suspended. The total volume exported in the month was 234 thousand tons, growth of 116% in relation to October of the previous year (108.6 thousand tons). According to data released by the Brazilian Association of Refrigerators (ABRAFRIGO), from January to October, total exports of the product grew 42% in revenue, from US$ 8.009 billion in 2021 to US$ 11.37 billion in 2022 , and 23% in volume (1.61 million tons in 2021 to 1.985 million tons in 2022). The growth in beef sales in the year partially reflects the increase in average prices in 2022, which was US$ 5,727.63/ton. (+15.2%). Average export prices began a downward trend as of June/2022, when they reached US$ 6,490.28/ton., accumulating a drop of 19.4% in 4 months. In the case of China, the largest buyer of Brazilian beef, average export prices exceeded US$ 7,311/ton. in June 2022 to ...

Source: Agrolink