Indonesia, Saudi Arabia and Egypt ban Brazilian beef

Published Sep 23, 2021

Tridge summary

Brazil has been temporarily banned from exporting beef to China, Indonesia, Saudi Arabia, and Egypt following the report of two atypical BSE cases, becoming the world's largest beef exporter to face such a ban. This situation, coupled with additional restrictions from Russia on Brazilian processing units, could lead to a surge in beef prices due to a decrease in global supply. The ban affects a significant portion of Brazil's beef export market, with China accounting for 48% of its exports. The situation remains uncertain as disputes persist over certification and shipment dates.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Earlier this month, Brazil reported two atypical cases of BSE (adult cow disease) that triggered an immediate response from its main importer, China. It has been two weeks since beef exports to China were paralyzed and, despite the confidence of Brazilian authorities in the resumption of trade, the situation is getting worse. Three other countries have placed a similar ban on Brazilian beef - Indonesia, Saudi Arabia and Egypt -, a fact that complicates the situation of the world's largest beef exporter. China accounts for 48% of Brazilian beef exports, with a monthly volume of 90,000 tonnes reported for July, so weekly losses could reach nearly 30,000 tonnes, according to meat industry analyst Simon Quilty, consulted by ABC Network. The dispute is focused on certification and shipment dates (September 3-9) and could prolong the current situation. Meanwhile, another 7% of the international market went to the Brazilian beef industry, as the three countries mentioned above banned ...

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