Brazilian beef exports surged during September, rising 23% year-on-year, to 90,904 tonnes swt (MAPA).
Assisted by a weaker currency and lower beef prices, exports for the month primarily increased to Russia (up 20%, to 24,324 tonnes swt), Egypt (up 89%, to 16,348 tonnes swt) and Iran (up 4%, to 11,505 tonnes swt).
Like Australia, Brazilian shipments to China also surged during September, increasing four-fold to 1,989 tonnes swt. Exports for the month also increased to Saudi Arabia, rising 127% year-on-year, to 1,437 tonnes swt.
The most recent United States Department of Agriculture (USDA) report on Brazil forecast the Brazilian cattle herd to increase 3% in 2013, to 210 million head – assisted by government financial programs, improvements in genetics, pastures and steady cattle price.
Beef production is also expected to expand in 2013, forecast to rise 2.5%, to 9,3 million tonnes cwt.
Given the higher beef production forecast for 2013, the value of the Brazilian currency and cattle prices with have a huge influence upon demand for Brazilian beef exports, and subsequently global beef trade flows.
According to the USDA, Brazilian beef exports are forecasts to increase 8% in 2013, underpinned by a recovery to Russia and growth to Egypt, China, Chile, Iraq and Morocco.
Source: Argentine Beef Packers S.A.
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