Brazil

Brazilian meat exporters turn to neighboring countries to supply China

Two of the three exporting companies announced that they are redirecting Chinese meat orders to their plants in Argentina and Uruguay. The effort is to mitigate the damage caused by the self-suspension of Brazilian exports by these companies and the entire chain.

Posted on Mar 03 ,00:15

Brazilian meat exporters turn to neighboring countries to supply China

Due to the possible atypical case of "mad cow", the Ministry of Agriculture voluntarily suspended protein shipments, as provided for in the agreement with China. It is now up to Beijing to give the green light for the resumption of business, and there is no deadline for that. In 2019 there were 13 days of waiting. In 2021, more than 100 days.

The main exporter of beef in South America, Minerva reported that it will meet the demand from China from its three plants in Uruguay and its unit in Argentina. With this, the company, which in 2022 registered record revenues of R$ 31 billion (1 BRL = 0,18 EUR), hopes to maintain its share in the Chinese market. Marfrig will export to China from its six units in the two neighboring countries. 

China, the main destination for Brazilian beef, accounts for about 60% of the country's exports. Brazil was also China's top beef supplier last year, ahead of Argentina and Uruguay, which could boost their exports to China while Brazil remains on the sidelines. The same could happen to Australia if talks accelerate to ease Beijing's restrictions on Australian meat.

The export suspension is a blow to some of the world's top meatpackers, including JBS SA, Marfrig Global Foods and Minerva SA.

 NEWSLETTER - Stay informed with the latest news!

Comments





Similar articles

UK

AHDB: The US imposes 10 percent tariff on all UK exports

Several countries will be subject to country specific tariffs that will take effect on 9 April 20...


Read more Read more
NEW ZEALAND

New Zealand red meat sector disappointed at tariffs move

"Our global markets are inter-connected and we need to take the time to fully assess the implicat...


Read more Read more
URUGUAY

Uruguay opens a new market for sheep exports

Uruguay is preparing to open a new market with the imminent launch of sheep exports to ...


Read more Read more
Websolutions by Angular Software and SpiderClass