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Beef Exports to Grow by 20 Per Cent

04 January 2010

BRAZIL - Brazilian beef exports are expected to rise by 20 per cent in revenue next year, according to projections from the Brazilian Association of Exporters of Beef (Abiec).

The president of Abiec, Roberto Giannetti da Fonseca, said that beef exports are expected to start to recover after a difficult 2009 because of the international financial crisis.

Abiec estimates total exports of beef will reach 1.9 million tonnes (carcase equivalent), with revenue of $4.118 billion.

Total volumes in 2009 dropped by 11 per cent over the 2.162 million tonnes shipped in 2008 and the revenue in 2008 of $5.3 billion is expected to have fallen by 22.6 per cent.

Abiec estimates a 10 per cent increase in the volume of meat exported next year.

Much of the recovery in exports will come from increased sales to Chile, China, North Africa and the European Union (EU).

The markets in Chile and Hong Kong were most affected by the financial crisis as well as declining markets to Russia.

Abiec sees sales to the EU rise to between 200,000 and 300,000 tonnes this year compared to 150,000 tonnes in 2009.

TheCattleSite News Desk



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