Brazil: Beef exports break new record in volume exported in July

Brazil set a new record in beef exports, reaching 267,668 tons in July and generating revenue of US$1.146 billion, marking one of the top 10 monthly revenues in the country's export history. This represents a 21.6% increase in volume and a 20.3% increase in revenue from the previous month. The surge is largely due to increased exports to China, the United Arab Emirates, the Philippines, Russia, and Hong Kong. From January to July 2024, Brazilian beef exports totaled 1.56 million tons with revenues of US$6.8 billion, with China being the largest buyer. The country is on pace to surpass previous record highs in both volume and revenue by the end of 2024.

Brazil reached a new record in beef exports. In July, 267,668 tons were exported, covering the categories fresh, offal, processed, tripe, salted and fat. Revenue for the month reached US$1.146 billion, which places the result among the 10 highest monthly revenues in the history of Brazilian exports. In comparison with the previous month, there was an increase of 21.6% in exported volume, against 220,183 tons exported in June. In terms of revenue, growth was 20.3%, against US$ 952 million in the previous month. According to the Brazilian Association of Meat Exporting Industries (Abiec), the data released by the Ministry of Development, Industry, Commerce and Services (MDIC), last Wednesday (06/08) are justified by the greater volume shipped to the China, with 123,400 tons and revenue of US$537.68 million. Compared to the previous month, exports in July grew to the United Arab Emirates (11,145 tonnes, growth of 18.6% in the period), the Philippines (12,462 tonnes, growth of 49.3%), ...