Brazil expects 10% soar in beef exports
Beef exports from Brazil can see an increase of 10% this year, according to sources inside the industry. Beef exports have already marked an increase of 11% in volume and 8% in value in the first 10 months of 2019 compared to the same period last year.
Data issued by the Brazilian Meat Packers Association (Abrafrigo) shows that beef exports to the UAE have jumped by 175%, along with Russia (+694%), Turkey (+509%), Uruguay (+84%) and the Philippines (+43%). Exports to China have registered an increase of 3%, reaching a volume of 603,700 tonnes. Total beef exports from Brazil reached 1.4 million tonnes and $5.7 billion
Out of the top 20 importers of Brazilian beef, sales eased to only four destinations: Hong Kong, down 12.8%, Iran, down 22%, Saudi Arabia, down 1.1% and the United Kingdom, down 17.3%. The outlook for 2020 looks even more promising as new markets in Southeast Asia will open soon for Brazilian beef. "The prognosis is that this market trend will persist since sales are usually stronger towards the end of the year," said the association in a press release.
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