October 8, 2012

Brazil to see 10% rise for beef exports

Brazil's beef exports are expected to rise by 10% in 2012 due to increased sales to important markets and a favourable currency.

The Brazilian Association of Meat Exporters (Abiec) predicted that exports will also grow by 10% in the month of October compared to the same period last year, with total beef shipments reaching around 105,000 tonnes.

An Abiec spokesperson said there were a number of factors behind the increase, including growing sales in Chile, Libya, Venezuela, Russia and Iran, the return of fifth-quarter exports to Europe and the devaluation of the Real.