From the Newsroom
São Paulo – Year to date through November, beef exports from Brazil reached 14,848,067 tonnes, up 9% from a year ago, and USD7.7 billion, up 14%, the Brazilian Meat Packers Association (Abrafrigo) reported quoting the Brazilian Ministry of Economy’s Foreign Trade Secretariat figures.
According to the association, the Chinese imports in November compared to October helped keeping the 2020 growth forecast close to 10% in volume and around 15% in revenue. In volume terms, China bought 1,071,273 tonnes year to date through November, up 31% from 2019. In revenue, the Chinese market accounted for 57.9% of beef exports from Brazil, from 43.2% in 2019.
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After the Asian giant, the biggest buyer was Egypt at 122,000 tonnes year to date through November, down 23.7% from 2019. Saudi Arabia ranked sixth at 38,580 tonnes, down 1%, while the United Arab Emirates place seventh at 38.1300 tonnes, down 45.3%.
In November, beef exports from Brazil was the largest this year so far, reaching 197,000 tonnes, up 10% from a year ago, for USD844.8 million. The volume exported in November was driven by Chinese purchases, which picked up. China stepped up its purchases from 109,000 tones in October to 123,000 in November.
Translated by Guilherme Miranda