Brazil beef exports increase 80% in April

In April, Brazil exported 252,643 tonnes of beef, marking an 80% increase compared to the same month in 2023, when exports totaled 140,475 tonnes. This data, reported by the Brazilian Association of Refrigerators (Abrafrigo) and based on figures from the Secretariat of Foreign Trade (Secex), represents the third-highest monthly beef export volume in Brazil’s history. The record remains December 2023, with 282,514 tonnes, followed by November 2023 with 256,000 tonnes.

The average price per ton in April 2024 was $4,185, slightly down from $4,444 in April 2023. Despite the lower price, the significant volume increase boosted revenue from beef exports to $1.057 billion last month, a 69% rise from April 2023.

Abrafrigo noted that total revenue for the first four months of 2024 reached $3.768 billion, up 31% from $2.879 billion in the same period of 2023. The volume of beef sold rose to 924,821 tonnes from 639,293 tonnes, reflecting a 45% increase.

See below the volume of Brazilian beef exports (measured in TEUs) from Jan 2021 to Mar 2024. The data is from DataLiner.

Beef Exports | Jan 2021 – Mar 2024 | TEUs

Source: DataLiner (click here to request a demo)

 China remains the largest importer of Brazilian beef, accounting for 40.9% of total exports. The volume sold to China in the first four months of 2024 was 377,989 tonnes, up 40.5% year-on-year. The United States, holding the second position, increased its imports by 78.3% to 134,161 tonnes.

The United Arab Emirates and Hong Kong ranked third and fourth, respectively. Overall, 87 countries increased their beef imports from Brazil during the four-month period, while 61 countries saw a reduction, according to Abrafrigo.

Source: Globo Rural

Click here to read the original news report: https://globorural.globo.com/pecuaria/boi/noticia/2024/05/exportacao-de-carne-bovina-aumenta-80percent-em-abril.ghtml

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