Total beef exports in August exceeded 300,000 tonnes for the first time in Brazil

Published Sep 14, 2024

Tridge summary

In August, Brazil's beef exports hit a record high of 301,951 tons, marking a 31.5% increase from the previous year, with revenue rising 16.7% to $1.122 billion despite lower average prices. From January to August, exports grew 34% in volume to 2,030,782 tons, with revenue up 20% to $8.108 billion. China, the largest importer, saw its share decrease from 48.1% to 39.2%, while the United States and the United Arab Emirates significantly increased their imports. Overall, 89 countries increased their imports, while 76 reduced their purchases.

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

Original content

Total beef exports in August (processed products + fresh meat) exceeded 300,000 tons in a single month, reported the Brazilian Association of Meatpackers (ABRAFRIGO), which compiled data from the Secretariat of Foreign Trade (SECEX), of the Ministry of Development, Industry, Commerce and Services (MDIC). In August, the country moved 301,951 tons, a historic record in the sector, a growth of 31.5% compared to the 229,668 tons traded in August 2023. Revenue grew 16.7% in the month, rising from US$ 961.8 million last year to US$ 1.122 billion in 2024. Average prices negotiated, however, remain lower than the previous year: in August 2023 they were US$ 4,187 per ton, while in 2024 they fell to US$ 3,716 per ton. According to ABRAFRIGO, in the year to date, from January to August, total beef exports reached 2,030,782 tons (+34%) compared to the 1,511,612 tons exported up to August 2023. Revenue, with lower average prices, did not follow this evolution: it rose 20%, going from US$ 6.772 ...

Source: NoticiasAgricolas