Without exporting beef from Brazil to China, falling meat prices reached the consumers

Published 2021년 10월 19일

Tridge summary

The article highlights the significant impact of China's suspension of Brazilian beef imports, following two atypical mad cow disease cases, on Brazil's agricultural sector, particularly reducing the price of fat ox to a two-month low. The suspension has led to a decrease in beef exports, affecting both domestic and international markets. The situation is further complicated by China's economic challenges, including slow GDP growth, energy crisis, and issues with conglomerate Evergrande. The suspension has forced Brazilian producers to face challenges, with reduced demand and increased costs. The article also mentions the potential return of other countries to the market, such as Iran, and anticipates a further decrease in beef prices due to increased costs for slaughterhouses. Additionally, the prices of other proteins, like frozen chicken and pork, have seen a decline due to the overall market downturn.

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

Original content

fat ox Arroba de boi gordo ended the week at R$ 266.80, the lowest since December. China and Brazilian livestock are studied before taking the new steps. The Chinese, after buying 220 thousand tons of beef from Brazil in the accumulated result for August and September, and paying high prices, are still evaluating the moment of return. The Brazilian meat industry feels the absence of a major trading partner, mainly because this is the moment when cattle leave the confinement for slaughter. The Chinese should not take long to return to the market, according to Thiago Bernardino de Carvalho, a researcher at Cepea (Center for Advanced Studies in Applied Economics). The end of the year is approaching, the stocks built up in recent months do not guarantee the growing demand in the Asian country which, although it has sought markets such as Russia and Argentina, still depends on Brazil. Brazil suspended beef sales to China after the occurrence of two atypical cases of mad cow in the ...

Source: Brasilagro