BRAZIL - Brazilian beef exports started to recover in February compared to the previous month with a rise of 1.39 per cent in value and 1.9 per cent in volume.
A total of 98,000 tonnes were shipped with $432 million.
Venezuela and Iran were the markets that saw the most growth, both in revenue and volume.
A total of 9,754 tonnes of meat was shipped to Venezuela, a growth of 174 per cent over January, with sales worth $ 55.5 million an increase of 211 per cent compared to January.
Iran bought more than 4,400 tonnes of Brazilian beef, 106 per cent more than in January, generating revenues of $16 million, 99 per cent higher than the previous month.
Exports of beef from Mato Grosso in Brazil started again last year after Iran lifted a ban imposed over animal health concerns.
For the first two months of the year Brazil exported 194,000 tonnes of beef, 28 per cent less than in 2014, and the value of the exports was $859 million, down by 26 per cent compared to the same time in 2014.
According to the president of the Brazilian Beef - Brazilian Association of Meat Exporters, Antonio Jorge Camardelli, this fall was expected, driven largely by the drop in exports to Russia.
"Last year we had an atypical movement in January, as the Russian import quotas had been distributed in December, reflecting the increase in exports in the first month of the year," he said.
Mr Camardelli said that the industry expects a gradual recovery gradually as the situation starts to stabilise.
"Prices are adjusting, the ruble went up again and the dollar is at a favourable level for exports,” he said.
“We recently had the reopening of important markets such as Iraq and South Africa, as well as good prospects with the end of embargoes by China, Saudi Arabia and Japan, and the possibility of opening to the United States.
“This allows us to hold on to the expectation of reaching a new record in 2015," Mr Camardelli said.
TheMeatSite News Desk