The Chinese economy is slowing down, the Yuan is weaker against the US dollar and Beijing is insisting with complete lockdowns in many cities because of Covid 19 or respiratory diseases, reducing considerably activity and consumption.
Brazilian exports of beef during the second half of the year should keep their bullish pace anticipates a report from Netherlands Rabobank, given the strong demand from China, United States, Egypt and the United Arab Emirates, reflected in an estimated 10% tonnage increase over 2021.
The reopening of the Chinese market for Brazilian beef did not stem from technical or communications issues, and the good relationship between the two countries will continue to prosper, reach the pre-pandemic level and advance further, according to Brazil's Agriculture minister Tereza Cristina.
Good and bad news for Brazil's beef exports. China finally lifted the ban on Brazilian beef and allowed the resumption of shipments to the great Asian market. But several of the main retailers in Britain and the European Union have announced the banning of Brazilian beef in their shelves because meat processors are using cattle linked to the Amazon and Pantanal deforestation.
China's Administration of Customs, GACC announced on Wednesday it was authorizing the unloading of Brazilian beef, certified before September 4th., the date when the suspension was caused by the confirmation of two atypical cases of “mad cow” disease in Brazil, (in Minas Gerais and Mato Grosso), became effective.
Russia announced to Brazil that it was reopening its market for a quota of up to 300,000 tons of meat, at zero tariffs, including 200,000 tons of beef and 100,000 tons of pork. Likewise, Russia lifted restrictions on beef exports from a Minerva processing plant and certified a second plant to begin shipments.
United States Senator for the cattle breeding state of Montana, Jon Tester has presented a bill to suspend beef imports from Brazil. The congressman alleges that the Brazilian authorities were slow to notify the World Organization for Animal Health (OIE) about the two cases of bovine spongiform encephalopathy (BSE), also known as “mad cow disease”, confirmed in September, and which led to an agreed ban con beef exports to China.
Brazil's beef exports plummeted during October as a consequence of the ban on purchases from its main client, China. Last October sales dropped to 82,180 tons compared to 162.880 a year ago, according to Secex, Brazil's foreign trade secretariat.
Brazil's Minister of Agriculture, Tereza Cristina, denied that diplomatic relations with China are strained and said that she does not see the continuation of the Chinese ban on Brazilian beef, which has lasted for nearly two months, as a political act.
China’s customs administration said this week that it had approved beef imports from Italy as of October 26th. China relies heavily on imports to meet the growing demand for meat from an increasingly affluent middle class.