Chinese imports of Brazilian beef shoot up 150% in first semester according to Abrafrigo data

The Brazilian Slaughterhouse Association (Abrafrigo) reported that China’s imports of Brazilian beef grew 148% in the first half of 2020 in relation to the same period last year, reaching 365,126 tons.  This is equivalent to 57% of Brazil’s total beef exports during this period. During the same period last year, China’s market share of Brazilian beef imports was 38%. Looking at June alone, the total volume of beef (fresh and processed) imported grew 28% in relation to June 2019 and hit a record for the month, totaling 172,361 tons.

Also according to Abrafrigo, Egypt imported the second-largest volume of beef from Brazil after China, at 55,750 tons.  This was actually 30% less than the amount imported in the first semester of 2019.  Chile was in third place with 34,062 tons (a 33% drop during same period comparison).

Data from the Foreign Trade Secretariat (Secex) shows that during the first semester Brazil exported 909,700 tons of bovine protein (including both fresh and processed meat), signifying 9% year-on-year growth.

Source: Reuters

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