Mercosur beef exports will stop growing in 2023

Mercosur beef exports will contract moderately this year. According to projections made by Faxcarne, they would fluctuate at 4.68 million tons of carcass weight, some 60,000 tons less than the 2022 record. Bovine meat production in Mercosur is projected to increase 1% this year, mainly driven by the liquidation phase of the cattle cycle in Brazil. However, this growth would be destined in a greater proportion to domestic consumption, which will become a more attractive destination due to the drop in the prices of livestock and meat in the international market, making the product reach the consumer at relatively low prices. more accessible. The decrease in export volumes would occur despite the fact that shipments from Brazil would grow by around 70 thousand tons (+2%). This will be offset by expectations of a decrease in the other three countries of the bloc, mainly Uruguay and Paraguay, where the forecast is for a decrease in slaughter and production. China will continue to be ...