Brazilian beef exports jump in January as China resumes

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Brazil’s beef exports rose 31% year-on-year in January, with the country effectively managing to lift shipments to its main buyer, China, following a more than 90-day embargo that ended in December, federal government data released. this Tuesday (1st).

According to Secex (Secretary of Foreign Trade), 140,500 tonnes of in natura protein were exported last month.

In December, a period of seasonally heated demand for the meat sector, the export volume of beef protein from Brazil reached 150.9 thousand tons. Of this total, only 6,790 tonnes went to the Chinese market, against 88,635 tonnes a year earlier, according to the Ministry of Agriculture.

The temporary suspension of imports from China was motivated by two atypical cases of Bovine Spongiform Encephalopathy (BSE), known as “mad cow”. The return took place months after the scientific confirmation by the OIE that the cases did not harm the herd, as they were spontaneously generated and not contaminated.

“China has not imported from Brazil since September 4th. In December, it said it would import again and bought almost nothing, so the person responsible for this movement in January was the effective resumption of China”, said the director. from Scot Consultoria, Alcides Torres.

In addition to a “pick up” of purchases, he said that the Chinese also accelerated part of the business to build up inventories due to the Lunar New Year holiday, a period in which importers are out of the market.

“Chinese are expected to return to shopping only after February 8th, with the possibility of still sluggish business after that due to some returning later,” the expert added.

Torres pointed out, however, that even with this interval in Chinese imports scheduled for the next few days, the prices of the so-called “China beef”, with shipping standards for that market, remain firm and 10 to 15 reais above the conventional value of the at sign

Also according to Secex, Brazilian soybean exports soared from 49.5 thousand tons in January 2021 to 2.47 million last month, due to the greater availability of grains for shipment of the 2021/22 harvest and greater stocks in transit. .

Source: Folha

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