Brazilian beef exports exceeded 200,000 t in March, breaking yet another record

Total beef exports reached 203,490 tonnes in March, up 28% year-on-year. According to the Brazilian Meatpacking Association (Abrafrigo), that was a record for the month.

The revenue generated from the sale of in nature and processed products abroad grew 57% in the period to 1.124 billion dollars, an all-time high for March, confirmed the organization based on data from the federal government.

“In addition to the growth in exports, average product prices rose from US$4,415 (per ton) last year to US$5,319, considering the first three months of the year,” Abrafrigo said in a note.

March’s performance was second only to the movements recorded in September and August 2021.

Beef exports totalled 545,751 tonnes from January through March, 33% more than in the same period in 2021. Revenues totalled US$2.9 billion, an increase of 60%.

China continues to lead among importers, with 188,236 tonnes in the quarter (+30.6%).

“When added to sales to Hong Kong, beef exports to China totalled 275.3 thousand tonnes and 1.658 billion dollars, a share of 50.45% and 57.11%, respectively, in relation to total exports from the first quarter.”

Also according to Abrafrigo, the United States ranked second in the quarter, with 69,799 tonnes (+395%).

Egypt ranked third with 47,706 tonnes (+262%), while Hong Kong alone had purchased 29,566 tonnes (-49%), in the fourth position.

Check below the comparison of the volume of beef exported from Brazil to China, Egypt, Hong Kong and the USA between 2019 and 2021. The data are from DataLiner.

Beef Exports (HS 0202) to China, Egypt, Hong Kong and the USA | 2019 – 2021 | WTMT

Source: DataLiner (click here to request a demo)

Source: Money Times

To read the full original article, please go to:

https://www.moneytimes.com.br/exportacao-de-carne-bovina-do-brasil-supera-200-mil-t-em-marco-e-bate-recorde/

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