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Montevideo, April 14th 2024 - 10:40 UTC

Tag: João Otávio Figueiredo

  • Wednesday, July 12th 2023 - 22:16 UTC

    Brazilian beef industry adopting to lower prices for Chinese demand

    The price of one metric ton of beef dropped from over US$7,000 in the middle of last year to approximately US$5,000 last month, according to Figuereido analyst

    Beef consumption in China is lower than what Brazilian exporters had anticipated for the post-pandemic period, according to a report by Datagro. Data compiled by the consultancy from China’s Ministry of Agriculture and Rural Affairs reveals that beef prices have fallen below 72 yuan for every kilo (approximately R$ 49, almost US$ 10) bought from Brazil in recent days, down from 78 yuan (R$ 53) at the beginning of this year.