Brazil beef, chicken exports set record for January
SAO PAULO, Feb 10 (Reuters) - Beef and chicken exports from Brazil for January registered the best result since records began, data from industry groups showed on Monday.
WHY IT'S IMPORTANT
Brazil is the world's largest exporter of beef and chicken and home to some of the industry's largest players.
BY THE NUMBERS
Beef shipments totaled 209,192 tons in January, with more than $1 billion in revenue, said beef lobby Abiec.
Chicken meat exports totaled 443,000 tons in January, an increase of 9.4% compared to the same period last year, and generated $826.4 million in revenue, according to pork and chicken lobby ABPA.
KEY QUOTES
"The increase (in beef volume and value of exports) occurred in practically all the main destination markets, reaching the best average since June 2023," said Abiec.
"China, the Philippines, and other markets have maintained a significant positive flow of imports of Brazilian (chicken) products, reinforcing the positive outlook regarding the behavior of these markets throughout the year," ABPA president Ricardo Santin said in a note.
WHAT'S NEXT
Brazil is expected to see positive results for chicken exports in February, Santin said, with demand from Mexico expected to continue to generate business for Brazil.
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