IBOV 173,371.35 ▼ 0.20% IPSA 10,896.87 ▲ 0.10% IPC MEX 66,125.27 ▼ 0.74% MERVAL 3,223,652 ▲ 0.74% COLCAP 2,298.34 — 0.00% BVL PERÚ 55,645.90 — — USD/BRL5.09▲ 0.02% USD/MXN17.38▼ 0.30% USD/CLP933.60▼ 0.10% USD/COP3,254▼ 0.44% USD/PEN3.39▲ 0.09% USD/ARS1,481▼ 0.03% USD/UYU40.19▲ 1.43% USD/PYG6,031▲ 1.52% USD/BOB10.75▲ 2.22% USD/DOP58.25▲ 0.02% USD/CRC447.35▲ 1.43% USD/GTQ7.62▲ 2.33% USD/HNL26.74▲ 1.61% USD/NIO36.62▲ 0.84% USD/VES735.39▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.59— 0.00% USD/TTD6.73▲ 1.11% EUR/BRL5.82▼ 0.66% BRENT 89.90 ▲ 0.76% WTI 83.19 ▼ 0.05% IRON ORE 161.91 — — COPPER 6.52 ▲ 3.52% GOLD 4,071 ▲ 1.51% SILVER 59.36 ▲ 4.50% SOY 1,228 ▲ 0.18% CORN 472.25 ▲ 5.06% WHEAT 675.00 ▲ 0.15% COFFEE 332.95 ▼ 0.43% SUGAR 14.89 ▲ 0.47% ORANGE JUICE 146.90 ▲ 6.30% COTTON 79.96 ▲ 3.35% COCOA 5,528 ▲ 0.14% BEEF 223.30 ▼ 0.50% CATTLE 346.78 ▲ 0.24% LITHIUM 66.92 ▼ 2.14% PETR4 41.15 ▲ 0.61% VALE3 71.93 ▼ 1.38% ITUB4 42.30 ▲ 0.81% BBDC4 18.41 ▲ 0.66% ABEV3 15.79 ▲ 1.02% BBAS3 20.17 ▼ 1.56% B3SA3 15.26 ▲ 0.39% WEGE3 43.13 ▼ 1.15% PRIO3 57.69 ▼ 0.28% SUZB3 41.89 ▼ 0.10% RENT3 37.49 ▼ 1.94% AZZA3 18.17 ▼ 2.26% CSAN3 3.82 ▼ 0.52% RAIZ4 0.27 ▼ 6.90% PCAR3 2.60 — 0.00% GMAT3 3.85 ▼ 0.77% PSSA3 54.20 ▼ 1.70% CVCB3 1.08 ▼ 11.48% POSI3 3.70 ▼ 2.63% SLCE3 13.57 ▲ 0.30% NATU3 8.63 ▲ 0.94% BRKM5 5.94 ▼ 4.04% RANI3 7.99 ▲ 0.50% CSNA3 5.07 ▲ 0.40% CMIN3 5.39 ▲ 1.13% USIM5 8.16 ▼ 0.85% GGBR4 23.62 ▼ 1.75% ENEV3 25.65 ▼ 0.12% CPFE3 46.32 ▼ 1.17% CMIG4 11.02 ▼ 0.90% EQTL3 39.29 ▼ 0.53% LREN3 13.31 ▼ 0.82% VIVT3 35.67 ▲ 0.42% RAIL3 13.57 ▼ 0.95% KLABIN 17.48 ▼ 0.57% RAIA DROGASIL 18.69 ▲ 0.75% RDOR3 35.45 ▼ 0.92% HAPV3 11.55 ▲ 1.49% FLRY3 16.56 ▼ 0.18% SMTO3 15.41 ▼ 0.26% UGPA3 31.70 ▼ 1.15% VBBR3 34.11 ▼ 2.32% BBSE3 41.05 ▼ 0.17% BPAC11 55.84 ▼ 0.61% CURY3 30.19 ▼ 1.57% AERI3 2.07 ▲ 2.48% VIVARA 21.96 ▼ 2.14% COMPASS 24.60 ▼ 1.13% VAMOS 3.09 ▼ 2.52% SANB11 27.01 ▲ 1.35% ASAI3 8.14 ▼ 4.24% SBSP3 28.98 ▼ 0.82% WALMEX 49.38 ▼ 0.22% GMEXICO 201.45 ▲ 0.42% FEMSA 226.85 ▲ 0.49% CEMEX 21.81 ▼ 4.05% GFNORTE 180.00 ▼ 0.74% BIMBO 59.31 ▲ 2.26% TELEVISA 9.71 ▲ 1.46% AMX 22.74 ▼ 1.13% GAP 378.19 ▼ 2.02% ASUR 274.37 ▼ 1.91% OMA 226.42 ▼ 1.82% KOF 180.95 ▲ 0.11% GRUMA 287.60 ▲ 0.39% KIMBER 38.39 ▼ 0.72% SQM-B 63,400 ▼ 3.13% COPEC 6,345 ▲ 1.53% BSANTANDER 78.90 ▲ 2.47% FALABELLA 5,850 ▲ 0.26% ENELAM 84.67 ▲ 0.75% CENCOSUD 2,005 ▲ 0.50% CMPC 1,088 ▲ 1.68% BANCO CHILE 189.95 ▲ 0.77% LATAM AIR 24.36 ▼ 1.62% YPF 79,200 ▲ 1.67% GGAL 7,845 ▼ 0.19% PAMPA 5,270 ▲ 1.93% TXAR 675.00 ▲ 1.66% ALUAR 959.50 ▲ 1.05% TGS 9,500 ▲ 1.39% CEPU 2,289 ▲ 1.10% MIRGOR 17,125 ▲ 1.48% COME 42.95 ▼ 2.03% LOMA NEGRA 3,558 ▲ 0.99% BYMA 294.50 ▼ 1.09% TELECOM ARG 4,145 ▼ 0.12% ECOPETROL 16.04 ▼ 0.34% BANCOLOMBIA 80.82 ▲ 0.51% GRUPO AVAL 4.95 ▲ 0.61% CREDICORP 386.85 ▼ 0.96% SOUTHERN COPPER 175.07 ▲ 1.50% BUENAVENTURA 30.06 ▼ 0.60% MERCADOLIBRE 1,832 ▲ 1.02% NUBANK 13.99 ▲ 2.94% XP 16.80 ▲ 0.78% PAGSEGURO 9.29 ▲ 2.77% STONE 11.12 ▼ 0.27% GLOBANT 32.29 ▲ 0.19% TECNOGLASS 46.11 ▼ 0.80% GAP AIRPORT 217.12 ▼ 1.72% ASUR 274.37 ▼ 1.91% OMA AIRPORT 104.01 ▼ 1.23% AMX ADR 26.10 ▼ 0.65% FEMSA ADR 130.01 ▲ 0.77% CEMEX ADR 12.49 ▼ 3.70% PETROBRAS ADR 18.19 ▲ 1.22% VALE ADR 14.10 ▼ 0.63% ITAU ADR 8.32 ▲ 1.46% SANTANDER BR 5.38 ▲ 2.67% AMBEV ADR 3.08 ▲ 1.65% CSN 1.01 ▲ 2.02% GERDAU 4.68 ▼ 0.85% LATAM ADR 51.74 ▼ 1.56% BTC 66,257 ▲ 1.57% ETH 1,942 ▲ 2.02% SOL 78.34 ▲ 0.70% XRP 1.13 ▲ 1.93% BNB 578.76 ▲ 1.41% ADA 0.17 ▲ 2.84% DOGE 0.07 ▲ 1.78% AVAX 6.65 ▲ 1.12% LINK 8.71 ▲ 1.45% DOT 0.87 ▲ 4.70% LTC 47.53 ▲ 0.41% BCH 223.98 ▲ 1.85% TRX 0.33 ▼ 0.04% XLM 0.19 ▲ 2.10% HBAR 0.07 ▲ 2.15% NEAR 2.01 ▲ 1.44% ATOM 1.50 ▲ 0.60% AAVE 94.98 ▲ 5.80% SELIC 14.25% EMBRAER 83.29 ▲ 1.88% EMBRAER ADR 65.93 ▲ 2.87% JBS 12.03 ▲ 1.01% JBS BDR 60.79 ▲ 0.98% MBRF3 14.52 ▼ 3.39% MBRFY 2.91 — 0.00% INTER 5.62 ▲ 4.66% IBOV 173,371.35 ▼ 0.20% IPSA 10,896.87 ▲ 0.10% IPC MEX 66,125.27 ▼ 0.74% MERVAL 3,223,652 ▲ 0.74% COLCAP 2,298.34 — 0.00% BVL PERÚ 55,645.90 — — USD/BRL 5.09 ▲ 0.02% USD/MXN 17.38 ▼ 0.30% USD/CLP 933.60 ▼ 0.10% USD/COP 3,254 ▼ 0.44% USD/PEN 3.39 ▲ 0.09% USD/ARS 1,481 ▼ 0.03% USD/UYU 40.19 ▲ 1.43% USD/PYG 6,031 ▼ 0.03% USD/BOB 10.75 ▲ 2.22% USD/DOP 58.25 ▲ 0.02% USD/CRC 447.35 ▲ 1.43% USD/GTQ 7.62 ▲ 2.33% USD/HNL 26.74 ▲ 1.61% USD/NIO 36.62 ▲ 0.84% USD/VES 735.39 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.59 ▲ 0.60% USD/TTD 6.73 ▲ 1.11% EUR/BRL 5.82 ▼ 0.66% BRENT 89.90 ▲ 0.76% WTI 83.19 ▼ 0.05% IRON ORE 161.91 — — COPPER 6.52 ▲ 3.52% GOLD 4,071 ▲ 1.51% SILVER 59.36 ▲ 4.50% SOY 1,228 ▲ 0.18% CORN 472.25 ▲ 5.06% WHEAT 675.00 ▲ 0.15% COFFEE 332.95 ▼ 0.43% SUGAR 14.89 ▲ 0.47% ORANGE JUICE 146.90 ▲ 6.30% COTTON 79.96 ▲ 3.35% COCOA 5,528 ▲ 0.14% BEEF 223.30 ▼ 0.50% CATTLE 346.78 ▲ 0.24% LITHIUM 66.92 ▼ 2.14% PETR4 41.15 ▲ 0.61% VALE3 71.93 ▼ 1.38% ITUB4 42.30 ▲ 0.81% BBDC4 18.41 ▲ 0.66% ABEV3 15.79 ▲ 1.02% BBAS3 20.17 ▼ 1.56% B3SA3 15.26 ▲ 0.39% WEGE3 43.13 ▼ 1.15% PRIO3 57.69 ▼ 0.28% SUZB3 41.89 ▼ 0.10% RENT3 37.49 ▼ 1.94% AZZA3 18.17 ▼ 2.26% CSAN3 3.82 ▼ 0.52% RAIZ4 0.27 ▼ 6.90% PCAR3 2.60 — 0.00% GMAT3 3.85 ▼ 0.77% PSSA3 54.20 ▼ 1.70% CVCB3 1.08 ▼ 11.48% POSI3 3.70 ▼ 2.63% SLCE3 13.57 ▲ 0.30% NATU3 8.63 ▲ 0.94% BRKM5 5.94 ▼ 4.04% RANI3 7.99 ▲ 0.50% CSNA3 5.07 ▲ 0.40% CMIN3 5.39 ▲ 1.13% USIM5 8.16 ▼ 0.85% GGBR4 23.62 ▼ 1.75% ENEV3 25.65 ▼ 0.12% CPFE3 46.32 ▼ 1.17% CMIG4 11.02 ▼ 0.90% EQTL3 39.29 ▼ 0.53% LREN3 13.31 ▼ 0.82% VIVT3 35.67 ▲ 0.42% RAIL3 13.57 ▼ 0.95% KLABIN 17.48 ▼ 0.57% RAIA DROGASIL 18.69 ▲ 0.75% RDOR3 35.45 ▼ 0.92% HAPV3 11.55 ▲ 1.49% FLRY3 16.56 ▼ 0.18% SMTO3 15.41 ▼ 0.26% UGPA3 31.70 ▼ 1.15% VBBR3 34.11 ▼ 2.32% BBSE3 41.05 ▼ 0.17% BPAC11 55.84 ▼ 0.61% CURY3 30.19 ▼ 1.57% AERI3 2.07 ▲ 2.48% VIVARA 21.96 ▼ 2.14% COMPASS 24.60 ▼ 1.13% VAMOS 3.09 ▼ 2.52% SANB11 27.01 ▲ 1.35% ASAI3 8.14 ▼ 4.24% SBSP3 28.98 ▼ 0.82% WALMEX 49.38 ▼ 0.22% GMEXICO 201.45 ▲ 0.42% FEMSA 226.85 ▲ 0.49% CEMEX 21.81 ▼ 4.05% GFNORTE 180.00 ▼ 0.74% BIMBO 59.31 ▲ 2.26% TELEVISA 9.71 ▲ 1.46% AMX 22.74 ▼ 1.13% GAP 378.19 ▼ 2.02% ASUR 274.37 ▼ 1.91% OMA 226.42 ▼ 1.82% KOF 180.95 ▲ 0.11% GRUMA 287.60 ▲ 0.39% KIMBER 38.39 ▼ 0.72% SQM-B 63,400 ▼ 3.13% COPEC 6,345 ▲ 1.53% BSANTANDER 78.90 ▲ 2.47% FALABELLA 5,850 ▲ 0.26% ENELAM 84.67 ▲ 0.75% CENCOSUD 2,005 ▲ 0.50% CMPC 1,088 ▲ 1.68% BANCO CHILE 189.95 ▲ 0.77% LATAM AIR 24.36 ▼ 1.62% YPF 79,200 ▲ 1.67% GGAL 7,845 ▼ 0.19% PAMPA 5,270 ▲ 1.93% TXAR 675.00 ▲ 1.66% ALUAR 959.50 ▲ 1.05% TGS 9,500 ▲ 1.39% CEPU 2,289 ▲ 1.10% MIRGOR 17,125 ▲ 1.48% COME 42.95 ▼ 2.03% LOMA NEGRA 3,558 ▲ 0.99% BYMA 294.50 ▼ 1.09% TELECOM ARG 4,145 ▼ 0.12% ECOPETROL 16.04 ▼ 0.34% BANCOLOMBIA 80.82 ▲ 0.51% GRUPO AVAL 4.95 ▲ 0.61% CREDICORP 386.85 ▼ 0.96% SOUTHERN COPPER 175.07 ▲ 1.50% BUENAVENTURA 30.06 ▼ 0.60% MERCADOLIBRE 1,832 ▲ 1.02% NUBANK 13.99 ▲ 2.94% XP 16.80 ▲ 0.78% PAGSEGURO 9.29 ▲ 2.77% STONE 11.12 ▼ 0.27% GLOBANT 32.29 ▲ 0.19% TECNOGLASS 46.11 ▼ 0.80% GAP AIRPORT 217.12 ▼ 1.72% ASUR 274.37 ▼ 1.91% OMA AIRPORT 104.01 ▼ 1.23% AMX ADR 26.10 ▼ 0.65% FEMSA ADR 130.01 ▲ 0.77% CEMEX ADR 12.49 ▼ 3.70% PETROBRAS ADR 18.19 ▲ 1.22% VALE 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since 2009
Tuesday, July 21, 2026

130 Million New Customers: Ethiopia Authorizes Brazilian Meat Imports

By · April 8, 2026 · 3 min read

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Key Points

Ethiopia authorized imports of 17 Brazilian agricultural products including beef, poultry, and pork — opening Africa’s second-most-populous nation (130 million people) to Brazilian protein exports

The openings are the first under new Agriculture Minister André de Paula, who took office last week, and push Brazil past 500 new market authorizations since Lula’s term began in 2023

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Brazil is the world’s largest beef exporter with record 2025 shipments of 3.5 million metric tons ($18 billion) — and diversification into Africa reduces dependence on China, which absorbs 48% of exports

Ethiopia’s authorization of Brazilian beef, poultry, and pork marks the latest step in a systematic market-opening campaign that has reshaped the geography of Brazil’s protein exports.

Ethiopia opened its market to 17 Brazilian agricultural products on Tuesday, including beef, poultry, and pork — the first market authorizations under newly appointed Agriculture Minister André de Paula. Luis Rua, the ministry’s trade and international relations secretary, confirmed the openings to Valor Econômico, noting that Ethiopia’s population of approximately 130 million people makes it a strategically important destination in East Africa. The authorizations extend Brazil’s record of surpassing 500 new market openings for agricultural goods since the start of Lula’s current term in 2023.

Why Ethiopia Matters

Ethiopia is Africa’s second-most-populous nation and one of the continent’s fastest-growing economies, with a livestock market valued at $870 million in 2025 and projected to approach $1 billion by 2034. The country has historically been a meat exporter, particularly of goat and sheep carcasses to the Middle East, but its domestic protein demand is rising rapidly with urbanization and income growth. For Brazilian exporters, the Ethiopian opening represents a foothold in a region where protein consumption per capita remains well below global averages — and where growth potential is measured in decades, not quarters.

The timing aligns with Brazil’s broader push to diversify away from its dependence on China, which absorbed 48% of the country’s record $18 billion in beef exports in 2025. While China remains the dominant buyer at 1.68 million metric tons, Rabobank projects Brazilian beef exports will hit a new record of 4.4 million metric tons in 2026 despite a 5–6% production decline — driven by strong global demand, a weak real, and reduced competition from other suppliers. Africa is the logical next frontier: the continent’s population will double to 2.5 billion by 2050, and protein imports are forecast to grow faster than any other region.

Live Market IntelligenceBrazil — Live Market BoardInside: market breadth, the sector heatmap, currencies & rates, the Latin America scoreboard and the full instrument board.

Rio Times · Live Market Intelligence

Brazil — Live Market Board

B3 · São Paulo
Jul 21, 2026 · 07:11

Ibovespa · benchmark
173,371.35
-0.20%
+29.22% over 12 months

Market breadth · 15 names
40% advancing

6 ▲ advancing9 declining ▼

Currencies, rates & key inputs
USD / BRL
5.09
+0.02%

EUR / BRL
5.82
-0.66%

Selic rate
14.25%
·

Brent crude
89.90
+0.76%

Iron ore
161.91
·

Sector heatmap · average move today
Consumer Staples
+1.02%
ABEV3

Energy
+0.17%
PETR4, PRIO3

Financials
+0.08%
ITUB4, BBDC4, BBAS3, B3SA3

Materials
-0.10%
SUZB3

Utilities
-0.12%
ENEV3

Mining
-0.91%
VALE3, CSNA3, GGBR4

Industrials
-1.55%
WEGE3, RENT3

Consumer Disc.
-2.26%
AZZA3

Latin America scoreboard
IndexLastTodayStrength
IbovespaBrazil
173,371.35
-0.20%

S&P/BMV IPCMexico
66,125.27
-0.74%

S&P IPSAChile
10,896.87
+0.10%

S&P MERVALArgentina
3,223,652
+0.74%

MSCI COLCAPColombia
2,298.34
+0.00%

BVL S&P PerúPeru
55,645.90

Full instrument board
Instrument Last Change YoY Prev. High Low Volume
IBOV 173,371.35 -0.20% +29.22% 173,714.08
USD/BRL 5.09 +0.02% -8.73% 5.09 5.09 5.08
SELIC 14.25%
PETR4 41.15 +0.61% +32.53% 40.90 41.44 40.47 26,963,500
VALE3 71.93 -1.38% +28.33% 72.94 73.25 71.71 13,089,900
ITUB4 42.30 +0.81% +22.80% 41.96 42.53 42.10 12,611,000
BBDC4 18.41 +0.66% +17.41% 18.29 18.51 18.28 12,802,000
BBAS3 20.17 -1.56% +1.56% 20.49 20.54 20.13 15,053,800
B3SA3 15.26 +0.39% +16.49% 15.20 15.43 15.14 16,307,500
ABEV3 15.79 +1.02% +17.66% 15.63 15.83 15.58 24,319,200
WEGE3 43.13 -1.15% +2.76% 43.63 43.79 43.02 3,973,600
PRIO3 57.69 -0.28% +34.92% 57.85 58.72 57.62 4,922,600
SUZB3 41.89 -0.10% -17.86% 41.93 42.03 41.11 4,464,600
RENT3 37.49 -1.94% +4.66% 38.23 38.38 37.41 5,725,800
AZZA3 18.17 -2.26% -48.86% 18.59 18.75 18.16 906,100
CSNA3 5.07 +0.40% -36.55% 5.05 5.12 5.03 6,881,700
GGBR4 23.62 -1.75% +42.12% 24.04 24.25 23.53 4,280,300
ENEV3 25.65 -0.12% +85.87% 25.68 25.84 25.47 6,953,200

Largest moves today
AZZA3
18.17
-2.26%
RENT3
37.49
-1.94%
GGBR4
23.62
-1.75%
BBAS3
20.17
-1.56%
VALE3
71.93
-1.38%
WEGE3
43.13
-1.15%
ABEV3
15.79
+1.02%
ITUB4
42.30
+0.81%

The session read
The Ibovespa eased 0.20%, with breadth negative — 6 of 15 names higher. Consumer Staples led, while Consumer Disc. lagged.

The Market-Opening Machine

Brazil’s Agriculture Ministry has turned sanitary market access into a systematic industrial policy. The 500-plus openings since 2023 span dozens of countries and product categories, from beef and poultry to dairy, genetics, and processed foods. The approach is bilateral and technical rather than multilateral — negotiating country by country, product by product, through veterinary inspections and phytosanitary certifications that can take years to complete. The Ethiopia deal is a product of that pipeline.

For André de Paula, who replaced Carlos Fávaro as agriculture minister last week as part of Lula’s pre-election cabinet reshuffle, Ethiopia is a quick early win. But the real test will be whether the ministry can maintain the pace of openings through an election year while simultaneously managing the complications of the Hormuz oil crisis — which is raising fertilizer costs across the region — and the ongoing US tariff negotiations that determine access to Brazil’s second-largest export market. With diesel prices elevated and the cattle cycle beginning to turn, every new market that absorbs Brazilian protein at international prices matters more than usual.

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