October 16, 2006

Brazilian beef exports grew 30 percent on-year in September

Brazilian exports of cattle beef generated US$ 353 million in September, an increase of 30 percent when compared to the same period last year, according to the Brazilian Beef Industry and Exporters Association (Abiec).

The volume shipped reached 202,000 tonnes, an increase of 7.67 percent when compared to the same period in 2005.

The biggest customers for the month were Russia, Egypt and Holland.

In the first nine months of the year, shipments brought revenues of US$ 2.8 billion, growing 18 percent while volumes shipped increased just 3.6 percent.

According to the organisation, prices at slaughterhouses are still on the rise, as revenues grew more than the quantities shipped.

For processed products, the main buyers were the US, UK, Holland, Italy, Japan and others.

The association said exports tend to wane during the month of Ramadan in the Muslim countries, due to the fast observed during the day.