Brazilian Beef Exports to Nearly Double
BRAZIL - The Brazilian Ministry of Agriculture is forecasting a 93 per cent increase in beef exports during the next 10 years (to 2018-19), totalling 4.63 million tonnes cwt (accounting for 61 per cent of total world beef trade from the current 31 per cent), with a 49 per cent increase in production to 15.5 million tonnes cwt.
21 April 2009
1 minute read
In the domestic market, beef is projected to be the second fastest growing meat consumed with a 2.2 per cent annual growth in total consumption after chicken's 2.6 per cent according to the beef export association ABIEC.
Beef is projected to have the slowest export growth with an annual average growth of three per cent after chicken's 5.6 per cent and pork's 4.9 per cent growth.
Cropping area for the 10 major products is forecast to increase by 19 per cent to 60.7 million ha, with rice, soy beans and wheat being the fastest growing crops. Soy beans are expected to account for 44 per cent of the planted area, followed by corn with 27 per cent.
Exports of beef to Russia and the European Union, Brazil's two largest customers, of Brazil) showed a significant increase in March.
The figures from the Ministry of Public Works and the Economy and Exterior Commerce (MDIC) show that compared to February, the volume of beef exported to Russia grew by 23.5 per cent in March.
In the same period, the exports to the European Union grew by 28.6 per cent.
Exports also grew when compared to March last year with Russia seeing a 1.31 per cent increase and exports to Europe growing by 10.16 per cent.
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