China banned Brazilian beef - what does it mean for global beef, pork markets?

Published 2021년 9월 14일

Tridge summary

China has imposed a ban on Brazilian beef imports, leaving the country with a surplus of around half to one million tonnes of beef annually. This ban, in effect since 2019 for certain periods, has led to a decrease in exports to China, the largest consumer, and a shift in focus to other Asian markets and South America. The situation is further complicated by export restrictions in other beef-producing countries like Argentina, Australia, and New Zealand. The US could emerge as a significant supplier, and other proteins like pork could also help meet the demand. However, the impact on the UK beef market is expected to be minimal, given the current staffing challenges in British processing and the limited space for additional beef in the market.

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

Original content

This ban poses several questions: As yet, it is unknown how long the restrictions will last; it will be for China to lift the ban, not Brazil. It could be a few weeks as it was in 2019, or perhaps longer. After all, Irish beef is still blocked after an atypical BSE case last year. In the past couple of years Brazil has exported over two million tonnes of beef, around 20% of its production. Over half of these exports were destined for Greater China. Therefore, Brazil could potentially have a large volume of beef sitting on its own market. Before 2019 Brazil would typically export 1.5 million tonnes and consume the difference domestically. So, theoretically a volume between half and one million tonnes (on an annualised basis) could need to find another home. Beef production this year is expected to be slightly lower than last year, which will help. Based upon previous analysis, beef consumption in Brazil has been limited due to a weak domestic economy and product exported instead to ...

Source: Thepigsite