Brazil: In February, beef exports to China show a significant monthly and annual decline

Frozen Bone-In Beef

Meat

China

Brazil

Published Mar 10, 2023

Tridge summary

At the opening of the year, the volume shipped to Chinese territory reached almost 99 thousand tons – 54.4% of the total exported in the month -, meaning monthly maintenance and a significant increase of almost 88% over January 2022. In February, the volume reached just 71.7 thousand tons – 49.4% of the total exported in the month -, absorbing drops of 27.5% compared to last January and 17.6% over the same period last year. In any case, the monthly volume destined for China has shown a strong retraction since September, when it reached the highest volume in the analyzed period. With that, shipments show a retraction of 47.5% in the short period of 5 months.

Original content

At the opening of the year, the volume shipped to Chinese territory reached almost 99 thousand tons – 54.4% of the total exported in the month -, meaning monthly maintenance and a significant increase of almost 88% over January 2022. In February, the volume reached only 71.7 thousand tons – 49.4% of the total exported in the month -, absorbing drops of 27.5% in relation to last January and 17.6% over the same period of last year. In any case, the monthly volume destined for China has shown a strong retraction since September, when it reached the highest volume in the analyzed period. With that, shipments show a retraction of 47.5% in the short period of 5 months. ...

Source: Portal Do Agronegocio