Global beef exports are expected to grow in 2025
Brazil, the world's leading exporter, will see a 52% year-over-year increase in its daily beef export turnover in June 2025, as a result of shipping 25% more beef, with FOB prices 22% higher than a year ago.
Global beef exports were expected to slow down in 2025, but the market, after growing from 12 million tonnes (MT) in 2023 to 13 MT in 2024, is expected to grow by another 500,000 MT this year, with Brazil and Australia playing a significant role on the supply side and a large number of purchasing countries on the demand side.
Some are accelerating their purchases, while others appear to have notable potential: the United States, Mexico, Europe, Israel, Russia, Egypt, Turkey, the United Arab Emirates, Saudi Arabia, Malaysia, Vietnam, the Philippines, Indonesia, and Thailand, among the most prominent.
China is buying 10% less than last year, which was a record, but it should have significantly improved the prices it pays in recent months, otherwise it would run out of meat.
The US is importing 17% more than last year—the best is expected in the second half of the year—which, combined with significant demand from many other markets, more than offsets the lower purchases from China. ("There is life outside of China").
It can be estimated that international beef prices today are 15% higher than a year ago, with some products increasing by only 10% and others by 30%. The marked mismatch between global supply and demand is affecting international beef prices.
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