Brazil´s beef exports set a new monthly record again in July

According to the Brazilian Slaughterhouse Association (Abrafrigo), beef exports from Brazil, considering fresh and processed products, reached a monthly record of 194,093 tonnes in July, up 17% over the same period in 2019. Previously, a record was set in May this year, when the country shipped 183,018 tonnes of the protein. According to the entity, revenue increased 22% in July, to US$776.3 million.

According to Abrafrigo, “Chinese purchases have more than compensated for the drop in sales to the European Union and to the Arab countries, caused mainly by the Covid-19 epidemic that drastically reduced consumption away from home”.  China currently accounts for 57.5% of Brazilian exports in the sector. In July, the Chinese market reached the highest level of the year in purchases from Brazil, at 115,180 tonnes. So far, the biggest acquisitions had been seen in May, when the Chinese imported 83,900 tonnes of beef.

The cumulative total until July 2020, shows total Chinese imports (including Hong Kong) reached 634,624 tonnes – almost double the 381,325 imported in in the same period in 2019.

The chart below shows Brazilian beef exports to China and other destinations month by month:

Brazilian beef exports to China and other destinations – January 2017 to June 2020

Graph source: DataLiner (To request a DataLiner demo click here)

Source of report: Reuters

 

Sharing is caring!