Bovine meat exports from Brazil hit record high in May

Brazilian exports of bovine meat yielded US$ 443 million in May, a new monthly record high according to the Brazilian Beef Industry and Exporters Association (ABIEC). The value amount is 28% higher than recorded in the same month last week. Shipments totaled 266,000 tonnes, a 28.6% increase compared with May 2006.
During the first five months of 2007, foreign sales reached US$ 1.8 billion, a 39.4% increase over the same period last year. In total, 1.1 million tonnes were shipped form January until May, 33.4% more than in the first five months of 2006.
According to a press release by ABIEC, the president of the organization, Marcus Vinicius Pratini de Moraes, ascribed the growth in May to the increased cattle supply, the increased sales to emerging markets, and the increased supply of special cuts, which have greater value, and to the increase in the price of shipped offal.
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