Brazilian beef exports to China reach new record high

Beef exports from Brazil reached 231,000 tons in September, a new monthly record high, surpassing the previous record set in August this year, driven by purchases from China, according to Abrafrigo (Brazilian Meatpackers Association).

The data showed that China bought 137,000 tons of Brazilian beef in September, expanding the August record of 131,000 tons.

Abrafrigo said China continues to expand its imports after increasing purchases due to the Golden Week holiday in early October.

“There is also an increase in stocks for the Lunar New Year celebrations early next year”, Abrafrigo said.

The country increased its share as a destination of total protein shipments from Brazil to 52.8%, against 47.5%.

In the accumulated year, exports are heading for the highest volume ever handled by the country and also its highest revenue.

With information from CL Brief