Dollar favors exports of cattle via São Paulo ports
Exports of live cattle, which were a highlight of the agribusiness trade balance last month, according to the Ministry of Development, have continued to thrive this month.
The appreciation of the dollar has allowed the resumption of the elite cattle exports via ports in the state of São Paulo.
Venezuela is the biggest buyer from Brazil, and Pará is the main seller. Venezuela bought 225,000 head in the first five months of this year, and 239,000 head were sold by the state of Pará.
Lebanon and Egypt are also major buyers. Revenues from exports of live cattle for slaughter also increased in the period, totaling US$ 252 million, 14% up on January-May 2013, according to data from Secex.