December 3, 2021

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Two months later, the Chinese ban on Brazilian beef continues and losses may exceed R$1.8 billion

Two months later, the Chinese ban on Brazilian beef continues and losses may exceed R$1.8 billion

Among the possible reasons for the delay, there is an increase in the consumption of pork and chicken by Beijing, products whose Brazilian exports to the country have grown



Brazil SatelliteAfter recording BSE cases in two Brazilian municipalities at the beginning of September, the Chinese embargo on beef imports from Brazil continues, and could lead to a loss of R$1.8 billion in this sector in December.

This Thursday (4), it will be two months since Brazilian beef will be exposed to the ban on China after cases of mad cow disease in the interior of Brazilian cities.

The hurdle has already led to an 11.8% drop in the value of beef cattle in the past month, and to the first drop in the average price of meat in the local market in 16 months, according to Globo Rural.

According to the media, the Brazilian Agriculture and Livestock Confederation (CNA) estimates a loss of up to US$1.8 billion if exports remain suspended until December.

“We have always tried to schedule a date so that we have some hope, but after a long time we will have to wait for an official announcement on the matter,” Livestock analyst Cayo Toledo was quoted by the media as saying. The same noted that the damage caused by the Chinese absence affects the entire livestock chain in the country.

Among the possible reasons for the delay, there is an increase in the consumption of pork and chicken by Beijing, products whose Brazilian exports to the country grew, respectively, 30% and 21.5% last month compared to the same period in the past. general.

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According to the media, China has also increased its domestic production of animal protein, and has restored its herd of pigs in high-tech vertical production operations. “This could also reduce this dependence on Brazil,” Toledo highlighted.

According to Augusto Carneiro, a trader at Sudambeef SA interviewed by Sputnik Brasil, if China takes too long to return to imports, in addition to the economic loss, there could be a loss in the market, as countries such as Argentina and Uruguay may take parts, replacing Brazil.

“Maybe they are [Argentina e Uruguai] They benefit because there may be a rush of goods, and these countries will already be an option, since the relationship is already in place, so they are the most suitable for a potential replacement.”

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