Beef shipments in July are lowest since 2019

In July, Brazil recorded a decline in the volume of beef exports, ending a first semester that had been marked by the second best performance in history for the period.

According to Secex data compiled by the Center for Advanced Studies in Applied Economics (Cepea), exports totaled 160.80 thousand tons, representing a drop of 16.57% compared to June 2023 and 3.88% less than that registered in July 2022.

This scenario, according to Cepea researchers, is also the lowest volume shipped by the country in a month of July since 2019. One of the main causes pointed out for this decline is the drop in prices paid for the national protein. The average value of meat exported in July was US$ 4,740.31, the lowest since March 2021 and represented a reduction of 6.21% compared to June 2023 and a significant decrease of 27.62% compared to to July 2022.

The chart below shows Brazil’s beef exports from January 2019 to May 2023, measured in tonnes, according to the DataLiner system.

Beef exports | January 2019 – May 2023 | WTMT

Source: DataLiner (click here to request a demo)

Cepea researchers claim that this scenario of negative numbers in the international market is justified by the current situation of the world economy. In addition, high inflation, rising interest rates and increased food production in some countries have directly impacted the Brazilian beef export sector.

With these economic conditions, beef producers in Brazil face challenges to remain competitive in the international market. The prospects for the coming months remain uncertain, as they will depend on the evolution of the global economic situation and on measures that may be taken to face the challenges presented. Government authorities and sector agents should work together to seek solutions and stability for the beef industry in the country.

Source: Canal Rural

To read the full original report, visit: https://www.canalrural.com.br/noticias/pecuaria/boi/embarques-da-carne-bovina-em-julho-sao-os-menores-desde-2019/

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