Brazil and China are expected to hold their first high-level political and economic talks since 2015 later this year, Brazil’s agriculture trade secretary said on Thursday, in a move likely to boost farm trade between the two countries.
Four people are going on trial in Paris over an alleged scheme that fed consumers across Europe frozen foods containing cheap horse meat fraudulently labelled as pricier beef.
Brazilian food company Minerva SA has signed memorandums of understanding with China's Alibaba and another five clients in the world's most populous nation to supply frozen beef for a period of five years.
Russia's agriculture safety watchdog said on Wednesday it would allow imports of beef and pork from nine Brazilian plants beginning on Thursday, ending an 11-month ban triggered by concerns about the safety of their meat products.
Argentina's beef exports could double in 2018 for a total of US$ 1.8 billion thanks to increased Chinese demand and a sharp devaluation of the peso currency, according to analysts and industry experts.
Argentina and China signed a historic agreement that opens the huge Asian market to beef and lamb with bone from the South American country, according to Senasa the Argentine agriculture and livestock sanitary office. The deal concludes fifteen years of negotiations and means access to the world's largest importer of beef.
Japan is planning to lift a ban on beef imports from Uruguay next year, ending a more than 17-year embargo following the outbreak of foot-and-mouth disease in the South American nation in 2000, according to government sources in Tokyo.
The European Union's offer on beef in Mercosur trade negotiations has not been revised according to the EU Agriculture Commissioner Phil Hogan, who said a deal may happen in February. Speaking to journalists in Brussels on Wednesday, EU Agriculture Commissioner Phil Hogan said that the EU's offer on beef access for Mercosur countries has not been revised since December 5.
Brazilian beef exporters expect shipments to grow 10% in 2018 after rising an estimated 9% this year despite corruption and food safety scandals that temporarily closed off major markets. Trade group Abiec on Thursday said Brazil, the world’s largest beef exporter, would likely sell 1.68 million tons of beef abroad next year, up from 1.53 million tons in 2017. Revenue is expected to rise about 11% to US$6.9 billion in 2018, after a 13% rise this year to US$6.2 billion.
China has become the largest importer of frozen Argentine beef, according to the latest data released by the Industry and Trade of Meat and Meat Produce Association (CICCRA). However these figures are far from neighboring Uruguay which in four months shipped to China almost 50.000 tons, that has become the country's leading market.