Brazil: food export value falls despite meat volume growth

By Chloe Ryan

- Last updated on GMT

The main market for Brazilian pork is Russia
The main market for Brazilian pork is Russia

Related tags: Saudi arabia, United arab emirates, Beef, Pork, Poultry

Brazil's meat export volume growth is failing to offset declines in general food exports, in line with its depreciating currency.

According to Brazil’s Centre for Advanced Studies on Applied Economics (CEPEA), the value of Brazil’s agribusiness exports totalled US$43 billion in the first half of 2015, a 12% fall compared to the same period in 2014.

Volumes of agricultural exports meanwhile rose 4.7% during the same period, compared to the first six months of 2014. June 2015 was a particularly strong month for agricultural exports, CEPEA said, with the agribusiness share in total Brazilian exports reaching 45.9%.

While poultry and pork both declined in price on the international market, Brazilian beef saw rises, said CEPEA.

Main markets

The main market for Brazilian pork was Russia, which took about half of Brazil’s pork exports. The main markets for Brazilian poultry are Saudi Arabia, Japan, China, the United Arab Emirates, The Netherlands, Hong Kong and South Korea. The main purchasers of Brazilian beef were Hong Kong, Russia, Egypt, Venezuela, Iran and Chile.

CEPEA also analysed longer-term trends. Looking at the past 15 years, prices converted in the Brazilian Real (IAT-Agro/Cepea), which represents the attractiveness of agribusiness exports by comparing 10 currencies, decreased 6% when comparing the first half of 2015 with the same period in 2000, researchers said. Volumes exported by Brazilian agribusiness increased more than 234% in the period as a whole.

In the upcoming months, if the Brazilian Real keeps decreasing, the amount exported might continue to grow, said CEPEA researchers. However, they warned that prices were not expected to increase strongly. 

Related topics: Meat

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