financetom
Business
financetom
/
Business
/
On eve of US tariffs, Brazilian beef exports hit record high in July
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
On eve of US tariffs, Brazilian beef exports hit record high in July
Aug 6, 2025 2:33 PM

SAO PAULO (Reuters) -Exports of fresh beef from Brazil reached a record 276,900 metric tons in July, according to trade data on Wednesday, showing a steep rise before a hefty U.S. tariff applied on sales from the world's biggest exporter.

July shipments exceeded those of the same month last year by nearly 17%, surpassing the previous monthly record from October 2024, when 270,300 tons of beef were shipped, the data showed.

Some 12% of Brazil's beef shipments go the United States, its second most important importer after China. Other key markets for Brazil include Mexico and the Middle East.

Brazilian exporter Astra, which sells 5% of its production to the U.S. from Parana state, said the company sent cargo this week to avoid the new duty, which is valid from today.

Astra ships beef to practically every port in the United States.

"We don't know what will happen," Diogo Oliveira, Astra's export coordinator, said in an interview. "My U.S. volume, although small, was consistent. And from September onward, I don't know if we'll have more business."

Brazil's beef sales have steadily grown this year, with strong demand from major importers.

In the first half, Brazil sent 181,400 tons of beef to the U.S. alone, which faces a persistent cattle shortage, and another 631,800 tons to the Chinese market.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Carnival Has Potential for Q3 Beat and Raise on Solid Booking Trends, UBS Says
Carnival Has Potential for Q3 Beat and Raise on Solid Booking Trends, UBS Says
Sep 25, 2025
02:48 PM EDT, 09/25/2025 (MT Newswires) -- Carnival (CCL) has the potential to post a better-than-expected Q3 net yield and a guidance raise on solid booking trends and early contributions from the Celebration Key destination in the Bahamas, UBS said in a Wednesday research report. The brokerage said it expects Q3 net yield growth of 3.7%, above the guidance of...
Intel approaches TSMC for investments or partnership, Wall Street Journal reports
Intel approaches TSMC for investments or partnership, Wall Street Journal reports
Sep 25, 2025
Sept 25 (Reuters) - Chipmaker Intel has approached Taiwan Semiconductor Manufacturing Company ( TSM ) about investments in manufacturing or partnerships, the Wall Street Journal reported on Thursday. (Reporting by Aishwarya Jain in Bengaluru; Editing by Shinjini Ganguli) ...
Goldman Sachs sees M&A growth driven by industry consolidation, its president says
Goldman Sachs sees M&A growth driven by industry consolidation, its president says
Sep 25, 2025
NEW YORK (Reuters) -Goldman Sachs' ( GS ) outlook for mergers and acquisitions has become more optimistic, fueled by consolidation in various industry sectors and likely acceleration in private equity-backed deals, its President John Waldron said on Thursday. I think you're going to see more companies, more CEOs, more boards step out and try to do things more like, you...
BRIEF-Oracle, Silver Lake And MGX Would Each Take Roughly 15% Stake In Tiktok US, Investors May Get A Board Seat Each - Bloomberg News
BRIEF-Oracle, Silver Lake And MGX Would Each Take Roughly 15% Stake In Tiktok US, Investors May Get A Board Seat Each - Bloomberg News
Sep 25, 2025
Sept 25 (Reuters) - * ORACLE, SILVER LAKE AND MGX WOULD EACH TAKE A ROUGHLY 15% STAKE IN THE NEW TIKTOK US, AND THE INVESTORS MAY GET A BOARD SEAT EACH - BLOOMBERG NEWS Source text: https://tinyurl.com/223hkxhs Further company coverage: ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved