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Brazilian beef exports hit a three-year low in October

 Last Update: 2021-12-01
 Source: Internet
 Author: User

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On November 4, the Secretariat of Foreign Trade of Brazil ’s Ministry of Economy (Secex) released data showing that Brazil exported 82,180 tons of beef in October, the lowest level since June 2018.
At that time, truck drivers across the country went on strike for ten days, resulting in beef not being used.
Shipment to the port has a serious impact on beef exports
.
Researchers from the Center for Advanced Research in Applied Economics (Cepea) of the University of Sao Paulo said that as of the 4th, China has suspended the purchase of Brazilian beef for two months.
Affected by this, Brazilian beef exports in a single month fell below 100,000 tons for the first time in more than three years
.
In the Brazilian domestic market, the demand for cattle slaughter is still low, and the number of stocks continues to rise
.
In addition, Brazil’s CEPEA/B3 beef price index fell 11.
83% in October and closed at 257.
10 reais at the end of the month.
Among them, on October 28, the index closed at 254.
1 reais, the lowest level since October last year
.

Although the World Organization for Animal Health (OIE) has stated that the two previously discovered cases of atypical mad cow disease in Brazil will not pose a risk to the local beef production chain, China still insists on continuing to ban the import of Brazilian beef
.

Brazil exports beef

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