Brazil - Beef exports hit new record in volume exported in July
According to the Brazilian Association of Meat Exporting Industries (Abiec), the data released by the Ministry of Development, Industry, Commerce and Services, last week are justified by the greater volume shipped to China, with 123,400 tons and revenue of US$ 537.68 million.
Compared to the previous month, exports in July grew to the United Arab Emirates (11,145 tons, an increase of 18.6% in the period), the Philippines (12,462 tons, an increase of 49.3%), Russia (11,259 tons and an increase of 67.5%), Hong Kong (11,453 tons and an increase of 23.5%). Indonesia also deserves to be highlighted, as the destination for around 2 thousand tons of Brazilian beef in July, the largest volume since August 2022.
According to the president of Abiec, the robust work to promote Brazilian meat, undertaken through a partnership between the public and private sectors, is highly relevant to the results. “Volumes grew thanks to the sector’s efforts to seek opportunities in already open markets and adjustments to the product mix, but the exchange rate favorable to exports also contributed,” says Antonio Jorge Camardelli. He highlights the performance in the Chinese market. “Since September 2023, the Asian country has not bought so much meat from Brazil,” he says.
From January to July 2024, Brazilian beef exports totaled 1.56 million tons, with revenue of US$ 6.8 billion. China has accumulated purchases of 689 thousand tons in 2024, equivalent to US$ 3 billion, a growth of 13.7% in volume, and stable revenue, compared to the same period in 2023.
The United Arab Emirates remains the second largest buyer of beef, being the destination for meat that will be consumed in its own market, or to other countries such as Iran, for example. Shipments to this market total 106 thousand tons, between January and July 2024, and US$ 484 million, growth of 213% and 218%, respectively.
Exports to the United States grew 30% in volume, reaching 102 thousand tons, with a 28% increase in revenue, reaching US$ 614 million, between fresh and processed meat.
Brazilian beef exports in the first seven months of 2024 also grew to Jordan, reaching 12,172 tons and US$ 47.3 million, compared to 5,633 tons and US$ 26.3 million in 2023. Lebanon also stood out, with an increase of 105% in volume and 88% in revenue, registering, respectively, 11,567 tons and US$ 54.4 million.
"If the same performance is recorded by the end of the year, Brazil could surpass historical records, both in volume and revenue by the end of 2024", concludes Camardelli.
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