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

Published 2023년 3월 9일

Tridge summary

In the first month of 2023, exports to China reached 54.4% of the total, marking a 88% increase from January 2022. However, in February, exports to China saw a decrease of 27.5% compared to January 2023, and a 17.6% decrease from the same period in 2022. This decline is part of a larger trend of decreasing exports to China, which has been ongoing since September. Exports to China in the five months leading up to March showed a 47.5% decrease. The current status of the Chinese market remains uncertain, as it has been declared minimally risky for disease spread, potentially leading to its reopening and a rebound in exports in the future.

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

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