Brazil: Price and opening of new markets boost beef exports

Published 2021년 3월 10일

Tridge summary

In the first week of March 2021, Brazil saw a 7.7% increase in beef exports compared to the same period in 2020, with a notable 4.3% rise in prices, making Brazilian beef the third most expensive in the world. This price hike is contributing to the sustainability of the industry by offsetting increased production costs. globally, beef prices have reached record highs, with Australia having the most expensive beef arroba at US$ 109.38. The US market, on the other hand, has seen a decrease in beef arroba prices. Despite concerns about rising domestic meat prices, Brazil's international beef performance is commending, with the country successfully exporting to 12 markets, including reinstated access to the US market and a new agreement with Kuwait.

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

Original content

The beginning of March was marked by the good performance of Brazilian beef exports in natura. According to data from the Foreign Trade Secretariat (Secex), in the first five working days of the month, the country exported 30.5 tons, with an average of 6.1 tons / day. The numbers show a growth of 7.7% in relation to the same February 2020 and 6.8% compared to the first week of March 2019.The values also showed a significant readjustment, with an increase of 4.3% (in comparison with the same period in 2020), going from US $ 4,393 to US $ 4,583 a ton. The increase in prices places the arroba of the Brazilian ox as the third most expensive in the world, in dollars, behind only the United States and Australia, according to data from the Mato Grosso Institute of Agricultural Economics - Imea. If, on the one hand, there is a concern with meat prices in the domestic market, on the other, the price escalation has helped to keep the productive system in operation, since internal production ...

Source: Odocumento