POST Online Media Lite Edition


Brazilian beef exports picked up in May

Staff writer |
Brazilian beef export volume and revenue increased year-on-year in May, the Brazilian Meat Exporting Industries Association (Abiec) reported.

Article continues below

Exports fetched $503.5 million in May, up 8% from May 2015. Shipped volume stood at 129,800 tons, up 14%.

The top buyer was Hong Kong, followed by China, the European Union, Egypt, Russia, Iran, United States, Chile, Saudi Arabia and Venezuela.

In a press release, Abiec stressed the relevance of the top two buyers so far this year. “Less than a year since it reopened its market to us, China is already our second leading buyer year-to-date. That supports our positive expectation of matching 2014 export levels, when we shipped a total of 1.5 million tons of beef abroad,” said Abiec president Antônio Jorge Camardelli.

Hong Kong imported $96.1 million worth of Brazilian beef in May, at 28,000 tons. China bought 20,300 tons for $84.4 million. The European Union imported 10,200 tons, spending $62.3 million in the process.

Raw beef was the top-selling product in May, grossing $397 million at 100,000 tons exported, up 17% and 16% respectively.

Year-to-date through May, Brazil exported $2.3 billion worth of beef, up 1.4% from the year-ago period.

Shipped volume reached 609,700 tons, up 12%. The leading importers from January through May were, in this order, Hong Kong, China, European Union, Egypt, Russia, Iran, Chile, United States, Venezuela and Saudi Arabia.

What to read next

Brazilian beef exports slipped 11% last year
Brazilian beef exports up 1%, sugarcane processing 5.22%
Egypt leads in imports of Brazilian beef, China second