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    Home > Food News > Food Articles > China's purchases rise steadily, Brazil's beef exports up 23% in the first 10 months

    China's purchases rise steadily, Brazil's beef exports up 23% in the first 10 months

    • Last Update: 2022-11-25
    • Source: Internet
    • Author: User
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    According to the survey data released by the Brazilian Frozen Food Association (Abrafrigo) on the 8th, benefiting from the steady growth of Chinese purchases, the export volume of Brazilian beef products (including natural foods and processed foods) from January to October this year reached 1.
    985 million tons, an increase of 23%
    compared with the same period last year.
     
    The Brazilian website Forbes reported that the survey used statistics from the Brazilian federal government
    .
    In the first 10 months of this year, Brazil's total export revenue from beef products increased even more, up 42% year-on-year to $11.
    37 billion
    , according to the survey.
     
    Abrafrigo pointed out that in the first 10 months, Brazil's beef export revenue to Chinese mainland reached $6.
    981 billion, far exceeding the $3.
    875 billion
    in the same period last year.
    In the first 10 months of this year Chinese mainland it bought 1,054,281 tons of beef from Brazil, compared with 721,994 tons
    in the same period last year.
     
    "In the same period last year, 48.
    4% of Brazilian beef exports were purchased by Chinese mainland
    ," the association said.
    This year, the proportion rose to 61.
    4%.

    In addition, Brazil sold 82,350 tons of beef to Hong Kong this year, with a trade volume of 290.
    3 million US dollars
    .
     
    In October alone, Brazilian beef exports reached $1.
    225 billion, up 126%
    from the same period last year, when exports to China were suspended due to SARD cases.
    Beef exports in October were 234,000 tons, up 116%
    year-on-year.
     
    The survey also showed that the average export price of Brazilian beef this year was $5,727.
    63 per tonne, an increase of 15.
    2%
    over the same period last year.
    Beef export prices have been on a downward trend since June 2022, when the average price was US$6,490.
    28 per tonne, a cumulative decline of 19.
    4%
    in the past four months, according to the association.
    "In China, the largest buyer of Brazilian beef, average prices fell by 16.
    6%
    from $7,311 per tonne in June to $6,100 per tonne in October," the survey said.
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