From the Newsroom*
São Paulo – Brazilian exports of bovine meat yielded US$ 443 million in May, a new monthly record high according to information disclosed today (12) by the Brazilian Beef Industry and Exporters Association (Abiec). The value amount is 28% higher than recorded in the same month last week. Shipments totalled 266,000 tonnes, a 28.6% increase compared with May 2006.
During the first five months of 2007, foreign sales reached US$ 1.8 billion, a 39.4% increase over the same period last year. In total, 1.1 million tonnes were shipped form January until May, 33.4% more than in the first five months of 2006.
According to a press release by Abiec, the president of the organisation, Marcus Vinicius Pratini de Moraes, ascribed the growth in May to the increased cattle supply, the increased sales to emerging markets, the increased supply of special cuts, which have greater value, and to the increase in the price of shipped offal.
Egpyt remains as the second largest importer of raw Brazilian meat, with US$ 35 million in imports in May, and US$ 153 million in the accumulated result for the year. Russia, in turn, continues to be the main market for the raw commodity. In the case of industrialised meat, the largest buyers are the United States and Great Britain.
*Translated by Gabriel Pomerancblum
