Beef exports from Brazil to China pressures business with the Arab world
게시됨 2020년 6월 24일
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By Nayara Figueiredo SÃO PAULO (Reuters) - Brazilian agribusiness exports to Arab countries dropped 8% in value and 3% in volume from January to May, pressured by the fall in the meat trade, according to data from the Arab Brazilian Chamber of Commerce obtained by Reuters, while China emerges as a more competitive option for beef slaughterhouses.
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At the same time, the economic losses left by the pandemic of the new coronavirus are beginning to limit purchasing power in the Arab world and the bet on local production is advancing. Brazil exported 5.48 million tons of agricultural products to the Arabs in the first five months of the year, compared to 5.65 million tons acquired in the same period of 2019. In beef alone, the decrease was 30% in the period, to 108 thousand tons, according to data from the chamber, while in the "poultry" segment sales of meat and offal fell 2.6% from January to May, to 616 thousand tons, but decreased 11.5% in value, to 904 million of dollars. Exports of live cattle also declined, 42%. Shipments of sugar and soy grew by 20.8% and 71.4%, respectively, but were not sufficient to offset the losses left by the animal protein sector. "Brazil is exporting more beef to China every day because of the prices being practiced there. This affects (the supply) the Arab world, there is no way," the secretary ...