Market and government hope for shorter China embargo on beef from Brazil

Published 2023년 2월 23일

Tridge summary

A case of 'mad cow disease' in Pará, Brazil, has led to the suspension of beef exports to China, potentially for a shorter period than the 100-day embargo in 2021. The suspension is part of a health protocol between the two countries and could be lifted as soon as the end of March, according to the Brazilian Ministry of Agriculture and from an optimistic standpoint by market participants. The disease, identified in an isolated case from a property with 100 animals among a herd of 200 million, has not posed a significant risk to humans or the herd. In the meantime, beef exports that would have been shipped to China will be rerouted to countries with less stringent health requirements.

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

Original content

By Nayara Figueiredo and Rodrigo Viga Gaier SÃO PAULO (Reuters) - The suspension of beef exports from Brazil to China, due to a case of "mad cow disease" in Pará, may last less time than that which occurred in 2021, last time that atypical cases of the disease were registered in the country, according to market participants heard this Thursday. The embargo, which is part of a health protocol between the two countries when the disease Bovine Spongiform Encephalopathy (BSE) is confirmed in Brazil, remained for almost 100 days in 2021. In 2019, another atypical case was also confirmed, but the suspension of exports lasted only 13 days. “I do not believe that the situation of 2021, when the embargo started in September and only ended in December, will be repeated. It is important to say that diplomatic relations are now better than in the previous government,” José Augusto de Castro, president of the Brazilian Foreign Trade Association (AEB), told Reuters. He believes that, as it is ...

Source: Mixvale