Beef exports from Brazil should end the year of 2020 at a new record high in volume and revenue. The Brazilian Beef Exporters Association forecasts that the volumes shipped from January to December will reach 2.02 million tonnes, an increase of 8.8% from a year ago.
The good results were mainly driven by increased demand from China, which ended the year as the main destination of Brazilian beef. 42.3% of Brazil’s exports went to China.
The top export markets in descending order are China, Hong Kong, Egypt, the European Union, Chile, Russia, United States, Saudi Arabia, the United Arab Emirates, and Philippines.