Beef prices in China indicate a brief resumption of imports from Brazil

Published 2021년 10월 9일

Tridge summary

Brazilian beef exports to China are expected to resume in October, according to Wagner Yanaguizawa, a animal protein analyst at Rabobank. China relies on Brazil for 40% of its beef imports, and the suspension of Brazilian beef has not led to significant price increases in the Chinese market, indicating an expected impact by Chinese importers. Yanaguizawa also notes that the suspension may lead to increased prices or a change in demand, as China may need to import more meat from Argentina to compensate for the decrease in imports from Brazil.

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Original content

Suspended for over a month, Brazilian beef exports to China should resume “soon”, assesses the animal protein analyst at Rabobank, Wagner Yanaguizawa. According to him, the end of the suspension should take place in October, as the Chinese market has not reacted to long-term restrictions. The main destination for Brazilian beef exports, China also depends on Brazil to acquire 40% of its imports (Photo: REUTERS/Agustin Marcarian) “The dependence is not only on our side, our share in the Chinese market is also increasing a lot. Partial data show that 40% of what China imported this year came from Brazil. Last year, this number was 31%”, highlights Yanaguizawa. According to him, the fact that local beef prices have not registered very strong increases indicates that the suspension of Brazil would represent an impact expected by Chinese importers. know more Beef shipped from Brazil to China in September can be incinerated "They are not intending to hold this suspension for a very long ...

Source: Agroinforme