Brazilian Beef Exports Highest Since 200722 July 2013
BRAZIL - Brazilian fresh beef exports for the first half of 2013 reached 524,910 tonnes– the highest volume for this period since 2007, worth an estimated $2.38 billion.
Meat and Livestock Australia said that helping to boost demand for Brazilian beef were lower prices, with the average export price falling 9.5 per cent for the period, to US$4.54/kg.
Underpinning the rise in exports was the steady depreciation in the Brazilian currency (Real), down 8.1 per cent year-on-year, averaging 49¢ during the first half of 2013.
Beef shipments to Russia during the first half of 2013 increased 10.5 per cent year-on-year, to 152,205 tonnes.
Significant exports were also registered to Hong Kong, which became the second largest destination for Brazilian fresh beef – with imports up 140 per cent year-on-year, to 102,950 tonnes MLA said.
Exports to other South American countries continued to expand, with Venezuela up 46 per cent, to 60,780 tonnes and Chile up 25 per cent, to 35,708 tonnes.
In contrast, exports to the Middle East (including Egypt) continued to decrease, down 6.4 per cent year-on-year, to 102,605 tonnes .
The major reason for the decline was the ban on Brazilian beef by Saudi Arabia last December after the BSE case, and a slight decline in shipments to Egypt.
Brazilian offal exports also increased 15.8 per cent, totalling 105,328 tonnes
for the first half of 2013, with Hong Kong accounting for 67 per cent of total exports. In contrast, processed beef shipments declined five per cent year-on-year, to 49,462 tonnes with the EU (28) the major destination.
TheMeatSite News Desk