Brazilian beef exports for the month of March stood at just over 118,500t, which is down slightly on the same month last year. This brings Brazilian beef exports for the first quarter of 2019 (Jan-Mar) to 336,400t, which is 5% ahead of last year.

US beef exports for the month of January stood at just under 105,000t, which is down 1% on the same month last year. Japan continues to be the biggest buyer of US beef, importing almost 26,000t in January. This was up 8% on the same month last year.

Pork exports from the EU to world markets grew by 9% in January to reach just over 200,000t. More than one third (35%) of these exports were destined for China. There was also a strong increase in pork exports to Japan and South Korea in January.

Australian wheat production for the 2018/19 season has been forecast at 17.3m tonnes, according to the latest supply and demand report from the USDA. This estimate is 300,000t higher than the previous forecast. Wheat exports are pegged at 10m tonnes.