Record beef export volume in July

Brazil exported 276.9 thousand tons of beef in July at an average value of US$/t 5,551, according to data from the Foreign Trade Secretariat (Secex). Thus, the world’s two largest beef exporters shipped record volumes last month, as Australia had already done so with 150,435 tons, as reported in WBR issue No. 1645.

Both leading global exporters, among others, are trying to take full advantage of the high international beef prices, driven by a noticeable shortage in the United States, alongside tight supplies in the European market and import needs from China.

Brazil’s exports were 35 thousand tons higher than the previous month, nearly 40 thousand tons above the level of a year ago and surpassed the previous record from October 2024 by over 6 thousand tons.

The average export value rose by 1.9% month-on-month, reaching its highest level since October 2022.

In the first seven months of the year, Brazil exported 1.56 million tons of beef at an average value of US$/t 5,180, with annual increases of 14% and 15%, respectively.

Pork exports rose by 13.5% year-on-year to 744 thousand tons, while poultry exports contracted by 3.4% year-on-year to 2.78 million tons as of July, impacted by the avian influenza outbreak in Rio Grande do Sul, which temporarily closed several destination markets.