Brazil looks to achieve US$7bn in beef export revenues

By Georgi Gyton contact

- Last updated on GMT

Brazilian beef is making waves abroad
Brazilian beef is making waves abroad

Related tags: Brazilian beef, Brazil, Beef

The Association of Brazilian Beef Export Industries (ABIEC) has said it hopes to achieve a record US$7bn in revenues by the end of 2014, in a fitting celebration of the country’s 100th year in the beef export business.

The association has put its success down to factors such as the maintenance of its health status, the durability of the product offering to meet the needs of different markets, and the continued efforts by the government and the private sector to reverse embargoes.

It said the outlook remained positive for 2015, with ABIEC optimistic it could further break into export revenue recorded, with predictions that it could reach US$8bn and volume forecast to hit 1.7 million tonnes.

Antonio Jorge Camardelli, president of the Brazilian Beef, said: "The recovery of important markets such as China, which suspended the ban, and Iran and Egypt, which still retained an embargo for beef from Mato Grosso, as well as the positive outlook for the announcement of the end of the embargo of Saudi Arabia and Japan, allow us to maintain a very good forecast for 2015.

"We also have indications that the negotiations with the US market for fresh beef should move forward, which opens up possibilities also to achieve other NAFTA countries, as well as the Caribbean and Central America."

In order to drive Brazil’s export market forward, ABIEC will be holding a series of actions in partnership with the Brazilian Export and Investment Promotion Agency, Apex-Brasil, in order to promote Brazilian beef in new markets. The joint project will run for two years and see R$6.3m invested.

One its initiatives will be to promote gourmet Brazilian meat to markets such as the EU, Arab countries and China.

The five countries that imported the most beef from Brazil this year were Hong Kong, Russia, the European Union, Venezuela and Egypt.

Related topics: Meat

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