2020 Brazilian meat exports up 8.8% YoY

Estimates by ABIEC (the Brazilian mean-exporting industries association) indicate that Brazil will export 2.2 million tons of beef by the end of this year. The forecast is 8.8% higher than the total for 2019. ABIEC represents 32 companies in the sector.

If the estimate is confirmed, protein exports should end the year with revenues of US$ 8.53 billion, 11.8% above that reached last year. From January to November, 1.84 million tons of meat were sold, an increase of 9% compared to year-ago levels. Over the last eleven months, sales grew 13.9%, reaching US$ 7.76 billion.

According to ABIEC, the sector’s performance is associated with the relationship that Brazil has with China, the main destination for Brazilian meat exports.

The President of ABIEC, Antônio Camardelli, believes that for 2021 the projection must be “more conservative”. It is expected that the exported volume will increase by 6%, reaching 2.14 million tons and generating a 3% increase in sales, with total revenue of US$ 8.78 billion.

Source: Agência Brasil

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