Brazilian slaughterhouses lose up to US$25 million a day after suspension of sales to China

Updated Mar 16, 2023
By Ana Mano SAO PAULO (Reuters) - Brazilian beef packers are losing between $20 million and $25 million a day after a trade embargo halted sales to China, agribusiness consultancy Datagro Pecuaria said. The estimate is based on current beef export prices ranging between $4,800 and $5,000 a tonne, data sent to Reuters on Wednesday showed. Brazil voluntarily suspended beef sales to China on February 23 after reporting a case of Bovine Spongiform Encephalopathy (BSE), known as mad cow disease, in compliance with health protocols. A subsequent investigation deemed the case "atypical", meaning that Brazil has retained its negligible BSE risk status and may resume exports to China. Lifting the ban, however, depends on formal approval from Beijing. Brazilian authorities said that all relevant information about the mad cow case has been shared with China. The government now plans to persuade Beijing to lift the ban before or during a state visit by President Luiz Inacio Lula da Silva to ...
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