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Brazilian Beef Exports Grow

16 July 2010

BRAZIL - Between January and June of this year, the Brazilian beef exports rose to US$ 2,352 billion, an increase of 23 per cent on the same period last year.

The Brazilian Association of the Exporting Industries of Meat (Abiec)said that the increase was two per cent or 971,900 tons carcase equivalent down on last year.

However, in June, exports reached $455 million, 19 per cent up on the same month in 2009.

The increase was achieve even though exports fell by 177,000 tonnes or two per cent mainly because of the suspension of exports of manufacturing beef to the US.

Otávio Cançado, director-executive of the Abiec, said that the results show beef prices are recovering in the international market.

The average price went up by US$ 3.986 per ton carcase weight in June, 24 per cent more than in the sme month in 2009.

Mr Cançado said that it is possible to reach the 2007 price levels again, when Brazil exported US$ 5 billion in beef products.

"Between July and December, exports are expected to rise," he said.

The market to the European Union, where Brazil exported US$ 148.7 million in carcase beef between January the June of this year, is continuing to concern exporters as more restrictions on Brazilian beef are being put in place.

TheCattleSite News Desk



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