IBOV 171,006.10 ▼ 2.68% IPC MEX 68,960.68 ▼ 1.08% MERVAL 2,848,945 — — USD/BRL5.35— 0.00% USD/MXN18.66▼ 0.11% USD/CLP987.40▲ 0.29% USD/COP3,162▲ 0.41% USD/PEN3.45▲ 0.10% USD/ARS1,542▲ 0.21% USD/UYU40.21▲ 3.49% USD/PYG5,818▲ 4.31% USD/BOB11.92▲ 3.69% USD/DOP60.12▲ 0.03% USD/CRC451.45▲ 2.36% USD/GTQ7.64▲ 3.21% USD/HNL26.87▲ 0.25% USD/NIO36.62▼ 0.02% USD/VES886.67▼ 0.04% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.89▲ 2.64% USD/TTD6.75▲ 2.53% EUR/BRL5.96▼ 0.63% BRENT 109.58 ▼ 5.38% WTI 100.12 ▼ 1.61% IRON ORE 161.91 — — COPPER 6.65 ▲ 2.24% GOLD 4,073 ▲ 0.85% SILVER 54.49 ▲ 0.70% SOY 1,250 ▲ 0.70% CORN 450.25 ▼ 1.04% WHEAT 614.75 ▼ 0.20% COFFEE 294.35 ▼ 2.19% SUGAR 19.26 ▲ 0.84% ORANGE JUICE 143.20 ▲ 5.45% COTTON 77.90 ▼ 1.47% COCOA 5,581 ▲ 1.66% BEEF 230.73 ▲ 0.33% CATTLE 346.40 ▼ 1.00% LITHIUM 62.43 ▲ 1.89% PETR4 53.31 ▼ 1.06% VALE3 62.88 ▼ 2.33% ITUB4 41.42 ▼ 0.67% BBDC4 15.69 ▼ 1.63% ABEV3 15.40 ▲ 0.20% BBAS3 17.59 ▲ 0.69% B3SA3 15.27 ▲ 1.33% WEGE3 45.78 ▲ 2.81% PRIO3 69.21 ▼ 2.71% SUZB3 47.14 ▼ 0.55% RENT3 31.14 ▼ 1.67% AZZA3 16.72 ▲ 1.15% CSAN3 2.69 ▼ 2.89% RAIZ4 0.34 — 0.00% PCAR3 2.22 ▼ 3.48% GMAT3 3.74 ▲ 2.19% PSSA3 47.75 ▼ 0.89% CVCB3 0.98 — 0.00% POSI3 3.56 ▼ 0.84% SLCE3 16.97 ▼ 2.75% NATU3 5.68 ▼ 3.89% BRKM5 3.80 ▲ 19.50% RANI3 7.34 ▼ 0.54% CSNA3 4.76 ▼ 4.99% IBOV 171,006.10 ▼ 2.68% IPC MEX 68,960.68 ▼ 1.08% MERVAL 2,848,945 — — USD/BRL 5.34 ▼ 1.32% USD/MXN 18.69 ▲ 0.62% USD/CLP 983.47 ▼ 0.57% USD/COP 3,149 ▲ 3.06% USD/PEN 3.45 ▲ 0.17% USD/ARS 1,537 ▼ 0.28% USD/UYU 40.21 ▲ 3.57% USD/PYG 5,803 ▲ 3.78% USD/BOB 11.97 ▲ 4.93% USD/DOP 60.54 ▲ 1.83% USD/CRC 451.24 ▲ 2.13% USD/GTQ 7.64 ▲ 3.23% USD/HNL 26.87 ▲ 3.37% USD/NIO 36.62 ▲ 2.81% USD/VES 885.08 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.69 ▲ 2.63% USD/TTD 6.71 ▲ 2.07% EUR/BRL 5.95 ▲ 7.53% BRENT 109.58 ▼ 5.38% WTI 100.12 ▼ 1.61% IRON ORE 161.91 — — COPPER 6.65 ▲ 2.24% GOLD 4,073 ▲ 0.85% SILVER 54.49 ▲ 0.70% SOY 1,250 ▲ 0.70% CORN 450.25 ▼ 1.04% WHEAT 614.75 ▼ 0.20% COFFEE 294.35 ▼ 2.19% SUGAR 19.26 ▲ 0.84% ORANGE JUICE 143.20 ▲ 5.45% COTTON 77.90 ▼ 1.47% COCOA 5,581 ▲ 1.66% BEEF 230.73 ▲ 0.33% CATTLE 346.40 ▼ 1.00% LITHIUM 62.43 ▲ 1.89% PETR4 53.31 ▼ 1.06% VALE3 62.88 ▼ 2.33% ITUB4 41.42 ▼ 0.67% BBDC4 15.69 ▼ 1.63% ABEV3 15.40 ▲ 0.20% BBAS3 17.59 ▲ 0.69% B3SA3 15.27 ▲ 1.33% WEGE3 45.78 ▲ 2.81% PRIO3 69.21 ▼ 2.71% SUZB3 47.14 ▼ 0.55% RENT3 31.14 ▼ 1.67% AZZA3 16.72 ▲ 1.15% CSAN3 2.69 ▼ 2.89% RAIZ4 0.34 — 0.00% PCAR3 2.22 ▼ 3.48% GMAT3 3.74 ▲ 2.19% PSSA3 47.75 ▼ 0.89% CVCB3 0.98 — 0.00% POSI3 3.56 ▼ 0.84% SLCE3 16.97 ▼ 2.75% NATU3 5.68 ▼ 3.89% BRKM5 3.80 ▲ 19.50% RANI3 7.34 ▼ 0.54% CSNA3 4.76 ▼ 4.99%
since 2009
Thursday, October 29, 2026

Brazil Ethiopia

130 Million New Customers: Ethiopia Authorizes Brazilian Meat Imports

By · April 8, 2026 · 3 min read
130 Million New Customers: Ethiopia Authorizes Brazilian Meat Imports

Key Facts

— — 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

— — 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
Oct 28, 2026 · 22:52

Ibovespa · benchmark
171,006.10
-2.68%
L 175,157day rangeH 178,526

+19.56% over 12 months

Market breadth · 15 names
40% advancing

6 ▲ advancing9 declining ▼

Currencies, rates & key inputs
USD / BRL
5.34
-1.32%

EUR / BRL
5.95
+7.53%

Selic rate
13.75%
·

Brent crude
109.58
-5.38%

Iron ore
161.91
·

Sector heatmap · average move today
Consumer Disc.
+1.15%
AZZA3

Industrials
+0.57%
WEGE3, RENT3

Utilities
+0.45%
ENEV3

Consumer Staples
+0.20%
ABEV3

Financials
-0.07%
ITUB4, BBDC4, BBAS3, B3SA3

Materials
-0.55%
SUZB3

Energy
-1.89%
PETR4, PRIO3

Mining
-3.20%
VALE3, CSNA3, GGBR4

Latin America scoreboard
IndexLastTodayStrength
IbovespaBrazil
171,006.10
-2.68%

S&P/BMV IPCMexico
68,960.68
-1.08%

S&P IPSAChile
10,677.88
-0.82%

S&P MERVALArgentina
2,848,945
—

MSCI COLCAPColombia
2,505.79
-0.03%

Full instrument board
Instrument Last Change YoY Prev. High Low Volume
IBOV 171,006.10 -2.68% +19.56% 175,710.05 178,526 175,157 —
USD/BRL 5.34 -1.32% -0.84% 5.42 5.42 5.30 —
SELIC 13.75% — — — — —
PETR4 53.31 -1.06% +77.70% 53.88 53.70 52.83 43,239,500
VALE3 62.88 -2.33% +1.98% 64.38 64.43 62.80 24,652,300
ITUB4 41.42 -0.67% +11.30% 41.70 42.60 41.15 28,160,700
BBDC4 15.69 -1.63% -13.88% 15.95 16.30 15.67 65,766,400
BBAS3 17.59 +0.69% -15.59% 17.47 18.31 17.51 67,844,600
B3SA3 15.27 +1.33% +21.71% 15.07 15.78 15.20 75,282,000
ABEV3 15.40 +0.20% +26.75% 15.37 15.68 15.31 27,307,400
WEGE3 45.78 +2.81% +10.06% 44.53 47.08 45.06 9,823,200
PRIO3 69.21 -2.71% +87.14% 71.14 70.98 69.15 6,663,200
SUZB3 47.14 -0.55% -3.79% 47.40 47.84 46.10 7,151,800
RENT3 31.14 -1.67% -20.73% 31.67 32.68 31.02 19,092,400
AZZA3 16.72 +1.15% -42.24% 16.53 17.42 16.72 4,875,400
CSNA3 4.76 -4.99% -47.09% 5.01 5.14 4.76 14,327,900
GGBR4 24.87 -2.28% +36.28% 25.45 26.20 24.79 7,507,900
ENEV3 26.79 +0.45% +49.78% 26.67 27.35 26.30 12,263,000

Largest moves today
CSNA3
4.76
-4.99%
WEGE3
45.78
+2.81%
PRIO3
69.21
-2.71%
IBOV
171,006.10
-2.68%
VALE3
62.88
-2.33%
GGBR4
24.87
-2.28%
RENT3
31.14
-1.67%
BBDC4
15.69
-1.63%

The session read
The Ibovespa eased 2.68%, with breadth negative — 6 of 15 names higher. Consumer Disc. led, while Mining 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.

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief

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