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Weak Currency Boosts Brazilian Beef Exports

09 September 2013
Meat & Livestock Australia

BRAZIL - Strong international demand, a weak currency and sluggish domestic demand combined to boost Brazilian beef exports during August to 109,300 tonnes swt – the highest volume since August 2007.

The Real (Brazilian currency) fell from 49US¢ in January this year, to 42US¢ in August 2013 (Infoscan Co) – the lowest since December 2008, reports MLA.

As a result, average Brazilian beef export prices declined seven per cent year-on-year and two per cent on the previous month, averaging US$4.32/kg during August.

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