China bought more beef and paid less in january; refrigerators lost us$ 1.4 thousand/t

Before entering the holiday on the 22nd, China bought much more beef in January than in the same month of 2022, and paid much less.

The pressure to renegotiate values, since the majority of the last semester, impacted general Brazilian revenues.

The main destination for Brazilian beef protein paid US$ 6,200 a ton on January 22 and dropped to US$ 4,800 last month.

Brazilian beef exports | Jan 2019 – Dec 2022 | WTMT

Source: DataLiner (click here to see a demo)

As a result, overall export sales grew by just 7%, against volumes 17% above, at US$ 851.2 million and 183.8 thousand tons of fresh and processed product.

Chinese importers accounted for 57% (100.1 thousand/t) of total revenues last month. In the previous January, the representativeness was 41.3% (53.1 thousand/t).

Translated by ton price in the average of all markets served by national slaughterhouses, according to Secex data worked by Abrifrigo, in the first month of the previous year the amount paid was US$ 5,069, falling almost 9% now, to US$ 4,630 .

Source: Money Times

To read the original report, visit: https://www.moneytimes.com.br/china-comprou-mais-carne-bovina-e-pagou-bem-menos-em-janeiro-frigorificos-perderam-us-14-mil-t/

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