Industry report shows that the product was shipped at USD 4.6 per kg in the third quarter, down from USD 6.2 in the same period last year.
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Brazil exported beef for USD 4,800 a tonne in May, down from USD 6,000 a year earlier. The decline was reflected in the export revenue.
The Egyptian market bought 81,300 tonnes of Brazilian beef from January to August this year, up 96.8%.
The Arab country was the third leading destination for Brazilian beef from January to July this year. Exports to the Egyptian market expanded by 144%.
The Brazilian company has its biggest animal protein markets in China and Egypt and seeks to expand business with the North African country.
International sales of Brazilian beef grew in revenue and fell in volume from January through May. The UAE increased imports by 11.8% in the period.
