April 20, 2012

 

Brazil beef export revenue rose by 20%

Brazil beef exports will reap US$6 billion this year, according to the Brazilian Association of Meat Exporters (ABIEC).

 

President of ABIEC, Antonio Jorge Camardelli said that this is an increase in revenue of 20% compared to 2011.

 

Volume exported is estimated to increase by 10%.

 

Mr Camardelli said he is extremely optimistic about the export market for beef.

 

"In the first quarter of 2012, despite a slight drop in value and volume of beef exported, the price of beef per tonne, increased 1.74%."

 

He said that the three pillars, on which beef exports rely, the market, supply and foreign exchange rates are all improving.

 

As for foreign exchange rates, the US dollar is becoming more and more favourable to Brazilian exporters.

 

Mr Camardelli said that despite European demand for meat not increasing, output is falling, which leaves plenty of opportunities for Brazilian exports. "We are also looking at other markets, such as the Middle East," Mr Camardelli said.

 

Monthly slaughter in Brazil is currently around 1.8 million head per month. Beef production in Brazil is increasing, he said.

 

Despite having a positive outlook, the value beef exports to Iran fell 92% in the first quarter of 2012, however Mr Camardelli said that beef export values to the US were up 200%.

 

Mr Camardelli also said that demand for beef was growing in Egypt, Libya, Venezuela and Angola.