Brazil: Meatpackers turn to neighbor countries to serve China

Frozen Bone-In Beef

Meat

Brazil

Published Feb 24, 2023

Tridge summary

Two of the three meat packers listed on B3 announced yesterday that they are redirecting Chinese beef orders to their plants in Argentina and Uruguay. The effort is to mitigate the damage caused by the self-suspension of Brazilian exports in the sales of these companies and throughout the chain. Due to the possible atypical case of “mad cow”, the Ministry of Agriculture voluntarily suspended protein shipments yesterday, as provided for in the agreement with China.

Original content

Now it's up to Beijing to give the green light for the resumption of business - and there is no deadline for that. In 2019, there were 13 days of waiting. In 2021, more than 100 days. Largest exporter of beef in South America, Minerva informed that it will meet demand from China from its three plants in Uruguay and its unit in Argentina. With this, the company – which in 2022 recorded record revenue of BRL 31 billion – hopes to maintain its share of the Chinese market. Marfrig is going to export to China from its six units in the two neighboring countries. JBS did not comment. The Minister of Agriculture, Carlos Fávaro, received the Chinese ambassador yesterday to deal with the situation. The reference laboratory of the World Organization for Animal Health (Omas), in Canada, should publish the test results by the end of next week. The expectation in the market is that China will reopen its doors in March. A doctor in veterinary medicine, Ériklis Nogueira, a researcher at Embrapa ...

Source: Beefpoint