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Brazil beef exports to Russia soar

AFP

An employee slices beef at a Sao Paulo, Brazil on May 30, 2007An employee slices beef at a Sao Paulo, Brazil on May 30, 2007

An employee slices beef at a Sao Paulo, Brazil on May 30, 2007An employee slices beef at a Sao Paulo, Brazil on May 30, 2007

Brazilian beef exports soared last month, due mainly to a doubling in purchases by Russia, which has responded to international sanctions over Ukraine by banning imports from Europe and the United States.

Brazil's Association of Meat Exporters said Tuesday that beef exports rose 19 percent in July to $692 million over the same period last year.

Exports to Russia rose 113 percent to $181 million last month, compared to July 2013, it said.

The volume of meat exports to Russia also surged, rising 78.9 percent during the month to 41,000 tonnes.

Brazil exported 114,700 tonnes of beef in July, up 8.6 percent from a year ago.

The United States and European Union nations slapped their most punishing round of sanctions against Russia at the end of July. Moscow responded a week later with a near total ban on food imports from those countries.

Date created : 2014-08-12