There is no information on the return of Brazilian meat to China

Meat

Brazil

China

Published Oct 6, 2021

Tridge summary

Paraguay's meat chain awaits with expectations the return of exports from Brazil to China, after the main buyer in the world automatically suspended purchases from the South American country due to the confirmation of two atypical cases of mad cow. The temporary exit from China has been extended more than expected, and the price of Brazilian cattle and meat began a period of devaluation and greater competition in common markets with Paraguay.

Original content

Days ago, the manager of the Paraguayan Meat Chamber, Daniel Burt, told Valor Agro that the downward adjustment in the price of cattle "is necessary to be able to be competitive in the markets, an adjustment to reality because the US $ 4 for meat left the country out of the game. " A South American meat broker based in China confirmed to Valor Agro that there is still "no news" about the rehabilitation of meat from Brazil. "There is no information about it, and possibly there will not be during the next few days since it is a week of celebrations for the Mao Revolution," he said. In just under a week the price of fat cattle in Paraguay fell by about 60 cents, currently the male and common heifer are priced at US $ 3.50 and the cow at US $ 3.30 for meat. A Paraguayan exporter told Valor Agro that October sales are being slow in Chile, but with more active demand from Russia and Taiwan. He also pointed out that the uncertainty of the market had an impact on the volume of cattle ...

Source: Elagro