Shipments are 14% less than final yr
15 April 2024
2 minute learn
Brazilian red meat exports, together with contemporary and processed merchandise, totalled 91.9 thousand lots in March, in step with a up to date marketplace file from the Brazilian Animal Protein Affiliation (ABPA). The quantity is 14% less than the full shipped in the similar duration final yr, with 106.9 thousand lots.
In the similar duration, earnings generated by means of shipments totaled US$192.8 million, a steadiness 22.5% less than the steadiness learned in March 2023, with US$248.9 million.
Within the quarter, red meat exports totaled 289.4 thousand lots, a quantity 5.3% upper than that recorded between January and March 2023, with 274.8 thousand lots. In the similar comparative duration, the steadiness of exports reached US$597.7 million, a bunch 7.5% less than that recorded within the first 3 months of final yr, with US$646.3 million.
“Regardless of the precise decline in March, general shipments for the yr stay at ranges above the ones recorded in the similar duration final yr. It’s a very powerful indication of the upkeep of sure views for the yr, particularly with the consolidation of lately opened or expanded markets for Brazil,” stated Ricardo Santin, president of ABPA.
The primary vacation spot for exports within the sector, China imported 19.3 thousand lots in March, a quantity 46.8% less than the full shipped in the similar month of 2023. Subsequent are the Philippines, with 14.6 thousand lots (+54, 8%) and Hong Kong, with 7.4 thousand lots (-44%).
Some of the exporting states, Santa Catarina stays within the lead, with 53.9 thousand lots shipped in March (-6.2%), adopted by means of Rio Grande do Sul, with 18.7 thousand lots (-27.8%) and Paraná , with 10.2 thousand lots (-31.6%).
“Red meat shipments were experiencing comparative will increase of over 100% in gross sales to prime value-added markets, akin to Japan, the US, Canada and the Philippines,” stated Luís Rua, advertising supervisor for ABPA. “It’s a very powerful growth of the diversification of export locations, at a time when China has been buying smaller volumes from its providers.”
“When it comes to the Philippine marketplace, which is already the second one greatest importer, we think to look much more expressive numbers within the coming months, after the new established order of the accreditation of the Brazilian machine by means of the government of the Asian nation,” he added.