Brazil beef exports up 20% in July 2019

Beef exports from Brazil, the largest global exporter, grew 20.1% from January to July 2019 compared to the same period last year to 982,000 tons, with sales driven by higher demand from China, as reported by the Brazilian Association of Meat Exporting Industries (Abiec) on Tuesday (08/06), based on government figures.

Export revenues totaled US$3.73bn (up 11.6%) during the same period.

The following DataLiner graph shows beef shipment trends in Brazil between Jan 2015 and July 2019:

According to Abiec, sales volumes to China advanced 10.9%, reaching almost 175,000 tons in the first seven months of 2019.

“The results are positive and are in line with the projections of growth in Brazilian exports made at the beginning of the year,” said Abiec President Antonio Jorge Camardelli in a statement.

China, which was hit by African swine fever, is dealing with a lower supply of pork, which has driven imports of more cuts of various proteins.

Abiec noted that July recorded the best monthly performance of beef exports in the year.

Brazil saw a 15.9% increase in beef exports to 155,650 tons in July 2019, compared to June. In revenue, the increase was 19.1% to US$615.15m.

Source: Reuters

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