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Beef exports break 5-month record

Brazil's beef export revenue totaled US$ 2.5 billion between January and May, a record for the five-month period, according to data from the Foreign Trade Office (Secex) compiled by the Brazilian Association of Meat Exporters (ABIEC). Compared with the same period last year, growth was 15%. Export volumes totaled 562,000 tons in the period, according to ABIEC, up by 22.6% on the first five months of 2012.

According to the organization, Hong Kong was the main buyer of Brazil's beef exports up to May, paying US$ 558.1 million. It was followed by Russia (US$ 528 million), the European Union (US$ 327 million), Venezuela (US$ 280.6 million), Chile (US$ 171.4 million), Egypt (US$ 134.9 million), the United States (US$ 89.1 million), Iran (US$ 66.1 million), Israel (US$. $ 40.9 million) and Lebanon (US$ 33.1 million).

ABIEC stresses the 198% increase in sales to Iran in the first five months of 2013. In a statement, the association's president, Antonio Camardelli, said sales are expected to increase in several major markets, such as the European Union and a number of Asian countries, in the near future.

In May alone, beef exports totaled 118,800 tons, up by 7.88% on the same month in 2012. Revenue grew by only 0.34%, to US$ 520.4 million, according to ABIEC. The almost 7% fall in average price explains the result.

Information provided by Valor Econômico



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