Meat crisis in Brazil amid China export ban
The veto, which was initially 45 days and follows existing commercial protocols between the two countries, is having implications at all levels, more for its prolongation.
According to O Globo, which cited an internal Agriculture Ministry memo, Brazil has decided to partially halt production because China is taking too long to lift the ban.
On the Brazilian side, this is the worst moment of China's absence. At this time of year, more than 15% of slaughterhouses are for confined cattle. The cattle need to leave because they are ready for slaughter, and the daily expenses with feeding affect the cash flow of the farmer, eliminating the expected profits.
The good news for Brazilian consumers is that in the domestic market, the price of meat fell. Without China and with a domestic market without purchasing power, the kilo of meat fell to R $ 19.18 in the wholesale market of São Paulo, the lowest value since February.
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