Brazilian beef exports during July totalled 105,100 tonnes swt, up 20% on the previous month and the highest volume since July 2007(MDIC).
Assisting the considerable growth has been the steady depreciation of the Brazilian currency (real), which averaged 48US¢ for the first seven months of 2013, down 9.4% year-on-year (Central Bank).
The uncertain Brazilian economic scenario and the US economic recovery has contributed to a further recent fall with the real, which was quoted at 43US¢ in recent days – the lowest quote in almost four years.
