‘China Factor’ still having effect; beef exports drop 49%

The Ministry of Economy has reported that Brazilian exports of fresh, refrigerated, and frozen beef totaled 81,170 tons last month, representing a drop of 49% compared to November 2020. Revenue dropped 43% to $ 399.6 million. The average price per ton rose 11.8% to US$ 4,922.40.

The main importer of Brazilian protein, China stopped purchasing on September 4 due to the confirmation of two atypical cases of “mad cow” disease in Mato Grosso and Minas Gerais.

Pork exports also fell last month – the volume of shipments of fresh, chilled, or frozen pork was 70,240 tons, or 2.9% less than in November 2020. With the drop of 8, 8% in the average price per ton, to US$ 2,256.20, revenue decreased by 11.5%, to US$ 158.5 million.

See below a history of Brazilian meat exports since 2019. Data are from DataLiner:

Brazilian Meat Exports (HS 0202, 0203, and 0207) | Jan 2019 to Oct 2021 | WTMT

Source: DataLiner (click here to request a demo)

Shipments of fresh, chilled, or frozen poultry meat and its edible offal fell 0.67% in the same comparison, to 305,900 tons. Export revenue, on the other hand, rose 34%, to US$ 547.27 million, thanks to a 35% increase in the average price per ton, quoted at US$ 2,256.20.

Source: Valor Econômico

To read the full original article, visit the link:

https://valor.globo.com/agronegocios/noticia/2021/12/01/fator-china-ainda-pesa-e-exportacoes-de-carne-bovina-caem-49percent.ghtml

Sharing is caring!