Market analyst foresees a global demand for firm meat and with growing prices

Frozen Bone-In Beef

Meat

Brazil

China

United States

Published Mar 15, 2023

Tridge summary

The international markets analyst, Víctor Tonelli, told Valor Agro that the temporary exit of Brazil in China "will not have a major impact on the markets" and estimates that the return of exports will be before the end of March. In addition, he indicated that coming out of the situations experienced in the last three years, the international bovine meat market is beginning to walk with more stability and the next two semesters are very positive for the demand for red protein.

Original content

“For the current semester, a balance is expected between a demand that is beginning to recover from a lousy second semester of 2022 and an offer that is still going to meet expectations. However, for the second half of the year the sharp drop in supply will make meat availability short," he explained. Among the factors that will impact a lower supply, he referred to the droughts that have affected the productive regions of Mercosur, the lower supply and impossibility of self-supply in the European Union, and a drop in production from 800,000 to 1 million tons per year for the United States, which also felt the effects of three consecutive years of lack of rain, something it had not experienced for more than half a century. Therefore, Tonelli assured that "just as we had a brutal drop in prices in the second half of 2022, now there is a constant recovery that will become increasingly stronger as we approach the ...

Source: Elagro