Driven by China, beef sales from Brazil up 9%
São Paulo – Year to date through November, beef exports from Brazil reached 14,848,067 tonnes, up 9% from a year ago, and USD7.7 billion, up 14%, the Brazilian Meat Packers Association (Abrafrigo) reported quoting the Brazilian Ministry of Economy’s Foreign Trade Secretariat figures.
According to the association, the Chinese imports in November compared to October helped keeping the 2020 growth forecast close to 10% in volume and around 15% in revenue. In volume terms, China bought 1,071,273 tonnes year to date through November, up 31% from 2019. In revenue, the Chinese market accounted for 57.9% of beef exports from Brazil, from 43.2% in 2019.
Via Brazil-Arab News Agency