Brazilian Meat Export Rise Assisted by Fall in Real09 August 2013
BRAZIL - Brazilian beef exports during July reached 105,100 tonnes, up 20 per cent on the previous month and the highest volume since July 2007 according to figures from MDIC.
Meat and Livestock Australia said that similarly, pork and chicken exports also registered significant increases for the month.
Assisting the considerable growth has been the steady depreciation of the Brazilian currency (Real), which averaged 48US¢ for the first seven months of 2013, down 9.4 per cent year-on-year (Central Bank).
While strengthening international demand and the depreciating Real assisted beef exports, Brazil’s resumed access into Ukraine helped pork shipments during July increase 16 per cent year-on-year, to 43,500 tonnes.
Similarly, chicken exports in July were up 12 per cent year-on-year and 7 per cent on the previous month, totalling 311,400 tonnes.
The uncertain Brazilian economic scenario and the US economic recovery has contributed to a further recent fall with the Real, which was quoted at 43US¢ in recent days – the lowest quote in almost four years.TheCattleSite News Desk