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.
An outbreak of brucellosis at the Veterinary School of the Asunción University in Paraguay, FCV-UNA, has cost the academic center its international certification, and has become a shameful experience for a country which is among the top world beef exporters.
The world's largest beef producer, Brazil's JBS, will shift its meat packing operations to other locations where it operates in the country, to reap tax savings, the company said on Tuesday.
The Irish government is expecting a report from the European Commission setting out the economic impact on Eire of a potential trade agreement between the EU and Mercosur.
Uruguayan president Jose Mujica warned that several abattoirs will run into deep trouble and might have to close down because of the lack of livestock ready for slaughtering. He also cautioned that “there is not much more the Executive can do”.
The world’s largest beef producer, Brazil’s JBS announced its board agreed to boost its capital by as much as 3.48 billion Real (2.15 billion US dollars) through a private placement with Brazil’s state economic and social development bank.
The European Union and Mercosur begin Monday a new round of negotiations in Brussels to reach an association and trade agreement although proposals for market access will not be on the table yet.
Members from the European Parliament representing rural constituencies have come out strongly against a possible trade deal between Europe and Mercosur arguing that an influx of meat imports could have a devastating impact on the EU beef industry.