China maintains veto on purchase of meat from Brazil and leaves authorities perplexed

Published Oct 19, 2021

Tridge summary

Brazil's beef exports to China, worth approximately $4 billion annually, are under threat due to a suspension following the confirmation of two atypical mad cow disease cases. The suspension, now lasting over six weeks, has led to concerns and consternation among Brazilian authorities and meatpackers, including JBS and Marfrig. Despite assurances of transparency and no further detections of the disease, the ban's duration is uncertain, causing potential economic impact. This situation is mirrored by similar bans on Irish and British beef, highlighting China's increased focus on food security and import safety. The suspension is seen as a negotiation tactic by some, aiming to secure better pricing and trade terms. Meanwhile, Chinese importers are making necessary adjustments by sourcing beef from other countries like northern Europe and Kazakhstan, but experts expect the ban on Brazilian beef to be lifted this year.

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

Original content

REFRIGERATOR ReutersPaulo Whitaker Remittance suspension after mad cow cases threatens $4 billion a year trade. Brazilian authorities are increasingly concerned about the Chinese ban on beef from Brazil, which has lasted more than a month and threatens to decimate exports of approximately US$4 billion a year (R$21.8 billion). Brasília voluntarily suspended shipments of the protein to China – its biggest market – in early September, after the confirmation of two cases of atypical mad cow disease in slaughterhouses in the country. Many expected Beijing to quickly resume imports after no other signs of the disease were detected in Brazil. The suspension, however, has dragged on for nearly six weeks, fueling growing consternation between Brazilian authorities and their large meatpackers. An official at the Ministry of Agriculture said that Brazil was transparent with Chinese health authorities, responding to all requests for information. He also stated that Brazil asked for a ...

Source: Brasilagro