Brazil and World

Expectation of 7% growth in the halal market

Each year, the halal market gains more importance in the world. Currently, there are more than 1.6 billion Muslims in different countries, representing 23.4% of the world population and, according to Technavio, a global market research company, this market is expected to grow 7% in the next 4 years.
Technavio forecasts growth of US $ 624.52 billion during 2020-2024. "The COVID-19 pandemic continues to transform the growth of various industries; however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a high impact on the halal food market," according to the analysts.
51% of the market growth will originate from the Asia-Pacific region during the forecast period. Today, this region is the home of most Muslims in the world, 62%. Only 20% are in North Africa or the Middle East.
Brazil and World

Argentina should resume exports next week

After a one-month suspension, Argentina is close to clinching a deal with slaughterhouses to partially restart beef exports.
Brazil and World

Global meat production might grow 2.2% in 2021

The Food and Agriculture Organization of the United Nations (FAO) estimates a world meat production of 346 million tons for 2021.
Brazil and World

Booming market and reduced animal supply support beef price

Beef prices remain heated in Brazil and, according to a Farmnews survey, from January 1st to June 10th this year the average price was R$ 306.6 per arroba, a result 53.2% higher than observed in the same period of 2020 (R$ 200.2).