Beef upheaval 'won't benefit New Zealand'

Published 2021년 9월 22일

Tridge summary

Brazil and Argentina, two of the world's top beef exporters, have voluntarily restricted exports due to investigations and efforts to control domestic prices, respectively. This has led to concerns about the ability of other countries, including New Zealand, to fill the supply gap. The US is currently in a strong position to capitalize as the world's biggest beef exporter, China's biggest beef buyer remains offline. However, the impact on Australia is expected to be limited due to supply shortages and trade tensions.

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

Original content

Two of the world's top five beef exporters - Brazil and Argentina - have voluntarily restricted exports. Brazil has suspended beef exports to China while they investigate two cases of 'atypical' BSE or mad cow disease. Argentina has extended export restrictions until the end of October in an attempt to keep a lid on domestic beef prices, which increased over 65% in the country since mid-2020. Meat Industry Association chief executive Sirma Karapeeva says NZ will not be able to increase exports to fill the supply gap left by South America. "At the moment, we are in the low point of the New Zealand processing season, so we do not anticipate any significant immediate gains forr New Zealand exporters," she told Rural News. "However, if Brazil isn't able to send beef to China over a longer period, it might seek other markets, including ones serviced by NZ exporters and this could impact us," she adds. "While NZ will not be able to increase exports to fill the gap, there is a concern ...

Source: Ruralnewsgroup