Brazil s fresh beef exports weakened in early February

Mondo Tourism Updated on 2024-02-17

According to data released by the Ministry of Foreign Trade (SECEx), Agrifatto reported that beef exports declined in the first week of February (seven working days) after hitting a record high for that month in January 2024.

"Carnival celebrations in Brazil, combined with New Year celebrations in China, may be part of the reason why the first week of the month saw exports be the lowest since April 2023," Agrifatto's analysts explained. ”

In the first week of February, a total of 5020,000 tons of fresh beef, with an average daily export volume of 717 thousand tons, compared to the previous week (7.).33 thousand tonnes per day) fell by 217%。

Exports in the first seven working days of the month increased by 22%, reports Scot Consultoria.

According to Scott analyst Felipe Fabbri, animal technician, the export volume at the beginning of February 2024 is still for this period, despite the slowdown in exports compared to the performance in January 2024"Quite impressive"。"If this pace is maintained, this month will be the second-best February in history," fabbri**

According to Agrifatto's estimates, Brazil is expected to export 1470,000 tons of fresh beef. According to the consultancy, in February 2023, Brazil exported 126.45 million tons.

In the first week of the month, Brazilian beef averaged** $4,577 per tonne, down 57%, SCOT reports.

*:dbo portal

Translation: Zhongjin Meat Chain.

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