Total beef exports in Brazil grow in volume, but prices continue to fall

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 ...