Minerva slaughter numbers down while exports to China increase
By Aidan Fortune, GlobalMeatNews
South American processor Minerva has reported a significant drop in cattle slaughtered for the third quarter of the year however overall exports to China have risen.
In its industry overview for the third quarter, it reported that slaughter volume totaled 5.8 million head of cattle, slightly less than in the previous quarter and down 10% from the same period in 2018.
It attributed the year-on-year drop to a substantial rise slaughter volume in 2018 due to volume carried over from the previous quarter because of the truck driversí strike.
In its report, it outlined how Brazilian beef exports were up 11% year-on-year, although gave the caveat that new methodology by the Ministry of Development, Industry and Foreign Trade for calculating export data had a positive impact on the figures.
Minerva reported that China and Egypt accounted for 43% of Brazilian export revenue in the third quarter of 2019 and were the main importers of Brazilian beef. Hong Kong was the third main destination, with 14% of total exports, followed by Chile, with 9%.
Looking ahead, it said that the outlook for the export market remains positive, especially due to high demand from China.
The business noted that China has been increasing its animal protein import volume since the end of last year, as a result of the outbreak of African Swine Fever surmising that this led to the country authorizing 17 new industrial cattle slaughter and deboning units, which will further boost the volume of exports to China in the coming months.
It reported that...