Brazil and World
Brazil: Beef presents 25% price increase
In the last three months, the price of Brazilian beef has increased by 25%. This result comes from strong external demand for the product and, according to the Brazilian Association of Slaughterhouses (Abrafrigo), the exports represent more than 20% of local production.
In addition to China, which continues to increase purchases due to the swine health crisis, Russia has increased imports with the enabling of new plants. Turkey and Indonesia are also contributing to this jump in Brazilian beef exports.
Another factor contributing to this increase of prices is the domestic demand. With the incoming holidays, Brazilian retailers anticipate their purchases to secure stocks for the season.
The Brazilian pork consumer market is also feeling the effects of growing demand. According to Cepea, since the live animals to its cuts, prices increased significantly in October. Monthly increases exceed 10% and annual 30%.