With suspended beef shipments to China, the daily average drops 17.86% in the weekly comparison in Brazil

This Monday (20), the Foreign Trade Secretariat (Secex) reported that the exported volume of beef reached 89.8 thousand tons until the third week of March/23. In the previous year, the total volume exported in March was around 169.1 thousand tons in 22 working days. The daily average exported in the third week of March was 6.9 thousand tons and had a drop of 10.1%, compared to the observed in March of the previous year, which was 7.6 thousand tons. In the weekly comparison, the daily average had a retreat of 17.86%, compared to the previous week, which was at 8.4 thousand tons. According to the Analyst at Safras & Mercado, Fernando Henrique Iglesias, the information provided by the Secretariat is already beginning to reflect the effects of the suspension of exports to China due to the mad cow outbreak in Brazil. “We are starting to see the effects, mainly in the daily average and this should intensify in the month of April”, he commented to Notícias Agrícolas. The average price of ...