MLA: Brazilian beef export values surge

Beef Central, 23/01/2014

Brazilian beef export values hit a record in 2013, totalling US$5.3 billion in 2013 – an increase of 19pc year-on-year (the previous record), according to MDIC/SECEX.

The combination of strong international demand and continued Real depreciation buoyed exports, despite the higher cattle prices registered throughout the year.

The value of beef exports to Russia increased 13pc on the previous year, representing 22pc of the total export value. However, the increase on total value was underpinned by the higher volume shipped to Russia (up 19pc, to 303,597 tonnes swt), as opposed to an increase in the unit value, with the average export price declining 5pc year-on-year, to $3.95/kg in 2013.

The higher volume exported to Hong Kong and Venezuela also boosted the value of exports, but in contrast to Russia, average export prices to Hong Kong rose 4pc, at $4.51/kg and, to Venezuela, up 5pc, at $5.38/kg. Beef export values to the EU rose 14pc year-on-year, to $535.2 million, with Italy, the Netherlands and Germany accounting for 72pc of the total value in 2013.

The Saudi Arabian ban on Brazilian beef (since December 2012), as a result of an atypical BSE case, underpinned the lower value and volume exported to the Middle East last year. Beef shipments declined 22%, to 129,342 tonnes swt, while the value totalled $587.5 million, down 29pc year-on-year.

Source: Meat & Livestock Australia


Your email address will not be published. Required fields are marked *

Your comment will not appear until it has been moderated.
Contributions that contravene our Comments Policy will not be published.


Get Beef Central's news headlines emailed to you -