Brazil exports 31% more beef to China
Feb, 02, 2022 Posted by Gabriel MalheirosWeek 202205
Brazil’s beef exports increased in January as Chinese purchases resumed. According to the Foreign Trade Secretariat (Secex), 140,500 tonnes of in natura protein were exported last month, a 31% increase over the previous year.
“The Brazilian beef embargo probably caused a drop in Chinese stocks, and with the lunar new year approaching, they needed to replenish them.” “China has resumed importing at a significant pace at the moment,” says Jão Pedro Thieme, an analyst at Ag Resource Brasil.
See below the track record of Brazilian beef exports to China in 2020 and 2021. The data are from DataLiner:
Brazilian Beef (HS 0202) Exports to China | Jan to Dec 2020-2021 | WTMT
Source: DataLiner (click here to request a demo)
According to experts, the volume of exported beef still has room to increase to reach the levels seen last year, when Brazil shipped up to 187,000 tonnes to the Asian country.
Source: Canal Rural
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