From the Newsroom*
São Paulo – Brazilian exports of cattle beef totalled US$ 403.26 million in August, which represented an increase of 18% when compared to the same month last year. According to figures disclosed today (11) by the Brazilian Beef Industry and Exporters Association (Abiec), the value is a new record and is well above the best month for the sector, July 2006, when revenues totalled US$ 355 million.
According to the Abiec, the increase in the price of the product on the foreign market is the main factor for the increase in foreign trade revenues in 2006. Shipment totalled 248,290 tonnes of cattle beef in August, an increase of 6.7% when compared to the same month in 2005.
From January to August, Brazilian exports of cattle beef generated US$ 2.4 billion, which means an increase of 15.93% when compared to the same period in 2005. The volume exported, in turn, grew 3% when comparing the same periods. In the first eight months of 2006, the volume of cattle beef shipped was 1.54 million tonnes against 1.49 million tonnes in the same period last year.
The main market for raw cattle beef in the first eight months of the year was Russia, which imported US$ 319.45 million and 209,630 tonnes. In second place came Egypt, with US$ 276.39 million and 222,000 tonnes, followed by the Netherlands, Italy, the United Kingdom and Algeria. Other Arab destinations for the Brazilian product are Saudi Arabia and Libya.
*Translated by Mark Ament
