Brazil: Meat export performance in the first four weeks of March

And as the average price, although in retraction in recent months, remains close to 3% above that registered in the same month of last year, the revenue obtained, by the daily average, shows an annual evolution of practically 30% over the daily average. But the monthly total should show an even higher expansion rate, as the current March has one more business day than March 2022. Thus, maintaining the same performances in terms of average daily volume and average price, the exchange revenue for the month will rotate around US$950 million, about 35% more than a year ago. Beef exports are not having the same luck, which, already suffering a slowdown in volume and price for some time, saw the situation worsen with the atypical case of mad cow disease. Thus, although the issue with importers has already been resolved, it should – as had already occurred in February – end the month with negative results in volume and price and, as a result, in foreign exchange earnings. For now, by the ...