"Brazil's beef shipments to the US tumble by 41 percent as exports to China grow by 38 percent. Brazil's beef exports to China are on the rise as part of the Asian nation's larger strategy to avoid agricultural goods from the United States amid their ongoing trade dispute. Brazil's beef exports to China rose 38.3 percent in September from a year earlier, reaching 187,340 tonnes, the industry group Abrafrigo said on Wednesday, helping push total monthly exports to a record high."
"Total beef exports, including fresh and processed meat, edible offal and tallow, generated $1.92bn in revenue in September with volumes reaching 373,867 tonnes, up 49 percent in value and 17 percent in volume year-on-year. This strong performance came in the second month of additional tariffs imposed by the US on Brazilian products, showing the sector's resilience and ability to seize new commercial opportunities, Abrafrigo said."
"Exports to the US, Brazil's second largest beef market, fell 41 percent year-to-date in September to $102.9m. The European Union became the second largest destination last month, led by Italy, the Netherlands and Spain. EU purchases totalled $131.7m, up 106 percent from a year earlier. Abrafrigo said 130 countries increased purchases of Brazilian beef this year while 48 reduced them."
Brazil's beef exports to China rose 38.3 percent in September to 187,340 tonnes, helping push total monthly exports to a record high. Total beef exports, including fresh and processed meat, edible offal and tallow, generated $1.92bn in revenue in September with volumes reaching 373,867 tonnes, up 49 percent in value and 17 percent in volume year-on-year. Global demand for beef helped offset the impact of US tariffs, including a 50 percent levy imposed in August on several Brazilian goods. Exports to the US fell 41 percent year-to-date in September to $102.9m, while EU purchases rose sharply. 130 countries increased purchases and 48 reduced them.
Read at www.aljazeera.com
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