Brazil: Revenue from total beef exports until November is 20% below that of 2022

Fresh Bone-In Beef

Published Dec 8, 2023

Tridge summary

Brazil's beef exports in November 2023 generated revenue of US$1.001 billion, with a movement of 256,073 tons, the highest number of the year so far. The year to date has total revenue of US$9.754 billion for a movement of 2,253,152 tons, with average prices per ton falling from US$5,670 in 2022 to US$4,329 in 2023. China continues to be Brazil's main beef export customer, despite purchasing 7.5% less than in 2022 and a 26.4% reduction in revenue accumulated so far, and the United States rose to second place among the country's largest customers.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

With average prices still far from those practiced in 2022, US$3,910 per ton now, against US$5,021 last year, total beef exports in November (fresh + processed) generated revenue of US$1.001 billion for a movement of 256,073 tons, the highest number of the year so far (+47%). In 2022, in the same month, Brazil had revenue of US$872.4 million for a volume handled of 173,751 tons. As a result, the year to date has total revenue of US$9.754 billion for a movement of 2,253,152 tons. Last year, from January to November, revenue was US$ 12.239 billion and movement was 2,158,555 tons: that is, a growth of just 4% in volume that did not follow the 20% drop in foreign exchange collection. Still in the year to date, average prices per ton in 2022 were US$5,670 while in 2023 they fell to US$4,329. The information comes from the Brazilian Association of Refrigerators (ABRAFRIGO), which compiled the data from the Secretariat of Foreign Trade (SECEX), from the Ministry of Development, Industry, ...

Source: NoticiasAgricolas