Brazil: Total beef exports in July approach 300,000 tonnes in a single month for the first time in history

Published 2024년 8월 14일

Tridge summary

Brazilian beef exports hit a record high of 291,075 tons in July 2024, a 42% increase from the previous year, with revenue increasing by 33% to US$ 1.166 billion. The average price per ton fell by 6% to US$ 4,007. In the first seven months of 2024, Brazil exported 1,731,944 tons, a 35% increase from the same period in 2023, generating revenue of US$ 6.988 billion, a 20% increase. The United States, China, and the United Arab Emirates were the top buyers, with the UAE seeing the biggest increase in purchases. However, the average price per ton in the US dropped from US$ 3,910 to US$ 2,910.

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

Original content

Total beef exports (processed meats + fresh meat) approached 300,000 tons, growing 42% in July, reaching 291,075 tons and setting a new record in the history of Brazilian product movement. The previous record was a movement of 282,514 tons in December 2023. Average prices, however, remain lower than those practiced in the same month last year: in July 2023 they were US$ 4,265 and, this year, US$ 4,007 (-6%). Export revenue, in turn, increased by 33%. In 2023, it was US$ 876.9 million and in July 2024 it reached US$ 1.166 billion. The information comes from the Brazilian Association of Meatpacking Plants (ABRAFRIGO), which compiled data provided by the Secretariat of Foreign Trade (SECEX) of the Ministry of Development, Industry, Commerce and Services (MDIC). According to the entity, in the year to date, from January to July, Brazil has already exported 1,731,944 tons of the product, compared to 1,281,943 tons in the same period last year, with a 35% increase in volume. Revenue so ...

Source: NoticiasAgricolas