Meat: foreign exchange revenue almost a third higher compared to an increase in volume of 6.7%


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Data compilation carried out by MAPA together with SECEX/ME indicates that between January and July of this year, exports of beef, chicken and pork – considered fresh and processed products – exceeded 4.780 million tons, increasing 6.7% compared to the same seven months of 2021.

It could have been even higher were it not for the understandable reduction in pork exports, whose volume has so far fallen by nearly 10%. However, this decline was partially offset by chicken (which increased by 5,77%) and completely offset by beef, whose volume was nearly 18% higher.

The good performance of beef also extended to its price, which appreciated this year by around 24%. However, in this regard, the best result was that of chicken meat, with an average price appreciated by 26%. Pork meat also suffered from a price drop, 9% lower than that achieved between January and July last year.

The corollary of these performances was foreign exchange revenue almost a third higher than that recorded in the same period of 2021. And, here, half of the (almost) US$14.6 billion earned came from beef, whose foreign exchange revenue increased by more than 45% this year, surpassing the US$14.4 billion.

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The contribution of chicken meat corresponded to just over 37% of total revenue. It has generated, to date, revenue very close to US$$5.5 billion, reaching a value that meant an annual increase of 33% and that corresponds (in seven months) to 92% of the total revenue recorded in the twelve months of 2020.

Due to a drop in both volume and average price, pork unfortunately also recorded a reduction in foreign exchange revenue, 16.5% lower than a year ago. And this, of course, negatively impacted its share in foreign exchange revenue from meat, as it fell from 14.30% last year to just 9.05% this year.

By: Avisite | Source: agrolink


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