Indonesia, Saudia Arabia, and Egypt ban the imports of Brazilian beef

Published Sep 16, 2021

Tridge summary

Brazil has halted beef exports to China, Indonesia, Saudi Arabia, Egypt, and Russia due to two atypical BSE cases, causing a significant disruption to the global beef market. China, which accounts for 48% of Brazil's beef exports, has initiated the crisis, and the ban may extend as countries question the certification and shipment dates. This situation comes at a time when beef prices are expected to rise due to factors such as herd contraction in Australia and the EU, an Argentine export ban, and a partial ban by Russia on Brazilian processing units. The World Organisation for Animal Health (OIE) has indicated no further investigation is needed for the BSE cases reported in Brazil.

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

Original content

At the beginning of the month, Brazil reported two atypical cases of BSE 9mad cow disease)that triggered an immediate response from its main importer, China. There are two weeks now since beef exports to China have been halted and, despite the confidence expressed by Brazilian officials in resuming the trade, the situation is worsening. Three other countries placed a similar ban on Brazilian beef - Indonesia, Saudi Arabia and Egypt - a fact that complicates the situation for 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 may go up to almost 30,000 tonnes, according to meat industry analyst Simon Quilty, consulted by ABC Network.The dispute is focused on the dates of certification and shipment (3 to 9 September) and may prolonge the current situation. Meantime, another 7% in the international market has gone for the Brazilian beef industry, as the three countries ...

Source: EuroMeat