Brazil maintains certified beef shipments ahead of China embargo

Published 2023년 3월 15일

Tridge summary

Despite China's suspension of beef purchases following a 'mad cow' disease case in Brazil, stocks certified before the embargo continue to be exported. These exports, which have increased in volume compared to last year, are expected to return soon as no unloading issues have been reported. However, slaughterhouses that could not certify meat for China after the embargo's start may face losses of US$20-25 million daily. The article also mentions suspensions of beef purchases from Brazil by Thailand, Iran, Jordan, and Russia, with a government delegation, including the Minister of Agriculture and President Lula da Silva, planning to discuss the end of the embargo with China.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

By Nayara Figueiredo SÃO PAULO (Reuters) - Lots of beef certified before the Chinese embargo, motivated by an atypical case of "mad cow disease" disease in Pará, continued to leave Brazilian ports even after the suspension of purchases by China on 23 February, according to analysts interviewed by Reuters. These loads are in transit for a journey that takes more than 30 days to the Asian country, with exporters betting that the end of the embargo will be announced soon. "All merchandise that was inside ships on the pier, or at sea, until the day of the self-embargo continues its journey and so far we have no reports of any unloading problems," the director of the consultancy Agrifatto, Lygia Pimentel, told Reuters. She said that there is an indication that shipments to the Chinese continued, considering this month's data from the Foreign Trade Secretariat (Secex), although it is not clear which slaughterhouses made shipments. The daily average of beef shipments from Brazil reached ...

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