Total beef exports in Brazil grow in volume, but prices continue to fall
Fresh Bone-In Beef
Published Mar 12, 2024
Tridge summary
In February 2024, Brazil's total beef exports saw a significant increase of 52% in volume compared to the same period in 2023, reaching 231,163 tons. However, the average price per ton decreased by 12.35%, leading to a revenue growth of only 33%. China continues to be the primary buyer of Brazilian beef, although its share in total exports dropped from 51.4% to 41.6%. Meanwhile, the United States and the United Arab Emirates increased their imports, and Mexico and Algeria emerged as new markets.
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
Total beef exports (fresh + processed) in February grew 52% in volume, but prices obtained for the Brazilian product continue to fall compared to 2023, reported the Brazilian Association of Meat Packers (ABRAFRIGO), based on compiled data of the Secretariat of Foreign Trade (Secex). In February, the volume reached 231,163 tons moved compared to 152,230 tons in the same month of 2023. The average price per ton obtained, however, fell from US$4,564 last year to US$4,000 in the same period (a drop of 12.35% ). In January there was also a drop in the average price: from US$4,630 to US$3,955 this year. As a result, February's revenue did not follow the increase in volume sold: in 2023 it was US$694.8 million and in 2024 it was US$924.7 million (+33%). According to ABRAFRIGO, in the first two months of the year, total beef exports already provided revenue of US$1.855 billion compared to US$1.545 billion last year (+20%). The volume, in turn, increased from 336,047 tons in 2023 to ...
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