China buys 50% of Brazilian beef exports

However, the prices CHINA pays for Brazilian beef have been falling for months. In August, China paid US $4.46 per kg for its national product , an average of 7.2% less than in July and 31.5% less than in August '22. Last month's average is also the lowest since November 2021. This scenario is associated with a weakening economy in the Asian country.

According to Secex (Secretariat of Foreign Trade), the average price paid for Brazilian beef in August, taking into account all destinations, was US$4.44 per kg, which is 4% lower than in July and 25.3% lower than in July. 12 months. Last month's average is the lowest since January 21 ($4.34/kg). This context has helped lower domestic cattle feed prices , which have also been impacted by current supply increases.