LatinNews Daily - 07 September 2022

In brief: Brazilian beef exports reach monthly record high

*The Brazilian association of meatpackers (Abrafrigo) has reported that Brazil’s beef exports reached US$1.35bn in August, a monthly record high, and a 15.8% rise on August 2021, according to figures circulated in the local media. In volume terms, beef exports reached 230,200 tonnes (t), also a monthly record. Abrafrigo has attributed the positive figures to the strong demand from China, which is the biggest export market for Brazilian beef, followed by the US. From January to August, Brazilian beef exports reached US$8.8bn, a 40.7% increase on the same period the previous year. Brazil is the world’s second largest beef producer and exporter, after the US.

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