Economic stalemate between Australia and China should favor Brazilian agribusiness

Published 2021년 1월 19일

Tridge summary

In 2020, Asia experienced a rise in imports of chicken and pork meat from Brazil, with China being a significant recipient, accounting for 17% of chicken meat exports and 50.7% of pork exports. Despite China's efforts to repopulate its livestock, there is anticipation for continued demand for Brazilian meat due to increasing protein consumption. The recent trade dispute between China and Australia, leading to import restrictions and tariffs on Australian barley, has resulted in China seeking alternative suppliers, with Brazil potentially benefiting but avoiding a trade conflict.

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

Original content

Last Friday, 15, the annual balance of the Animal Protein Association (ABPA) pointed out that Asia increased exports of chicken and pork meat from Brazil in the 12 months of 2020. According to the organization, China was the destination of 17% of chicken meat exported by Brazil and with 50.7% share of total pork exports. 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 ...

Source: Beefpoint