Economic halt between Australia and China should favor Brazilian agribusiness

Published 2021년 1월 19일

Tridge summary

The article highlights the expectations of continued growth in China's appetite for Brazilian meat, despite the need for China to rebuild its livestock following recent crises. This increased demand is attributed to the necessity for China to import large quantities of grain to feed its livestock, alongside a general rise in protein consumption, especially beef, due to limited space for cattle rearing in China. The article also touches on the potential repercussions of China's trade disputes with Australia, serving as a cautionary tale for Brazil to avoid a similar trade conflict.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to the president of the Brazil-China Chamber of Industry and Commerce, Charles Tang, even with the reconstitution of the Chinese herds, the Asian country's appetite for Brazilian meat should continue. “China is quickly rebuilding its breeding stock and, as a result, will have to import a lot of grain to feed its animals. However, protein consumption should continue to grow, especially for beef, since there is no space in China to raise cattle ”, he explains. And after Australian Prime Minister Scott Morrison attacked Chinese national interests, the Asian country moved away from buying from several Australian meatpackers, in ...

Source: CanalRural