Brazil's processed beef and beef sub-product exports to the United States rose 34 percent in June from the month prior, and are expected to keep increasing annually to recover volumes that were traded before imports were suspended in 2010, the executive director at Brazil's association for beef exporters, Abiec, Fernando Sampaio, told Meatingplace.
[Lisa Keef| July 19, 2016 |MICA]
The U.S. doesn't buy fresh beef from Brazil but is among one of the largest importers of Brazilian industrialized beef, especially canned corned beef.
“Occasionally there may be a month or another in which the volume would drop depending on the contracts, but the general trend is for growth, to regain lost volumes in the past,” Sampaiosaid in an interview.
Brazil exported 3,618 metric tons of processed beef and other sub-products to the U.S. in June, equivalent to $27.6 million. As a result, the U.S. is now among Brazil's 10 biggest beef buyers.
In the first half of 2016, Brazil's beef sales to the U.S. totaled 15,600 metric tons, or $130 million in revenues.
The U.S. suspended Brazilian industrialized beef purchases between April and December 2010, after identifying high levels of the anti-parasitic medication Ivermectin in some meat samples. The authorized maximum limit for the substance was subsequently revised upward, and since 2012 Brazilian industrialized beef exports to the U.S. have been increasing every year.
JBS is the leading exporter of processed beef to the U.S. Other suppliers include Marfrig, Frisaand Oderich.
In 2007, the Brazilian sector sold 62,700 metric tons of industrialized beef to the U.S., the highest annual volume in the last decade, according to Abiec.
Brazil's beef exports to the U.S. are expected to increase even more this year, once the countries sign a formal deal to authorize fresh beef trade. This is expected to happen this month, when the Brazilian minister of Agriculture plans to travel to Washington, D.C.