Brazilian Beef Export Values Surge23 January 2014
BRAZIL - Brazilian beef export values hit a record in 2013, reaching $5.3 billion in 2013 – an increase of 19 per cent year-on-year (the previous record), according to MDIC/SECEX.
Meat and Livestock Australia says that the combination of strong international demand and continued Real depreciation buoyed exports, despite the higher cattle prices registered throughout the year.
The value of beef exports to Russia increased 13 per cent on the previous year, representing 22 per cent of the total export value.
However, the increase on total value was underpinned by the higher volume shipped to Russia (up 19 per cent, to 303,597 tonnes), as opposed to an increase in the unit value, with the average export price declining five per cent year-on-year, to $3.95/kg in 2013.
The higher volume exported to Hong Kong and Venezuela also boosted the value of exports, but in contrast to Russia, average export prices to Hong Kong rose by four per cent, at $4.51/kg and, to Venezuela, up five per cent, at $5.38/kg.
Beef export values to the EU rose 14 per cent year-on-year, to $535.2 million, with Italy, the Netherlands and Germany accounting for 72 per cent of the total value in 2013.
The Saudi Arabian ban on Brazilian beef (since December 2012), as a result of an atypical BSE case, underpinned the lower value and volume exported to the Middle East last year.
Beef shipments declined 22 per cent, to 129,342 tonnes, while the value totalled $587.5 million, down 29 per cent year-on-year.
TheMeatSite News Desk