Without China, Brazilian beef exports fall 43% in October

Total exports of beef (fresh and processed products) moved 108,630 tons in October, generating revenue of US$ 541.6 million, according to the Brazilian Association of Frigorificos (Abrafrigo), based on data from the Foreign Trade Secretariat, of the Ministry of Economy, compiled by the entity.

With the absence of China, the largest importer of the product, there was a drop of 43% in volume and 31% in revenue compared to the same month in 2020. Last year, October handling was 189,575 tons, and the revenue reached US$ 790.18 million.

See out a history of Brazilian beef exports from 2019 onwards. Data are from DataLiner:

Brazilian Beef Exports (HS 0202) | Jan 2019 to Sep 2021 | WTMT

Source: DataLiner (To request a DataLiner demo click here)

For the Chinese market, there was only a residual export of 27,700 tons in October, most of it coming from the city-state of Hong Kong (19,466 tons). In September 2021, beef exports to China from the mainland and Hong Kong reached a record 132,455 tons.

Year to Date

According to Abrafrigo, YTD Brazilian exports reached 1,610,799 tons, down 2.4% compared to the same period last year, when the YTD movement was 1,650,215 tons. In terms of revenue, however, there was a growth of 16%, thanks to the good prices of the product in the international market.

In 2020, the YTD revenue up until October was US$ 6.899 billion and in 2021 it reached US$ 8 billion.

Among the 20 biggest largest buyers of Brazilian beef, China, together with Hong Kong, is in the first place, with 916,938 tons imported YTD, 56.9% of the total moved by the country (in 2020, it was 948,224 tons).

Source: Rural Channel

To read the full original article, visit the link:

https://www.canalrural.com.br/noticias/sem-china-exportacoes-carne-bovina-caem/

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