Brazilian meatpackers, large and small, have seen a drop in exports during October, which have been considerably slower than during the month of September. Shipments dropped some 43,000 tons, particularly to China, which has caused certain unrest, because the Asian giant has long become Brazil's (and Mercosur) main export market.
China and New Zealand signed the upgrading protocol of their free trade agreement (FTA) via video link on Tuesday with new commitments in trade market entry, investment, and other key aspects.
Brazil's JBS, the world’s largest meat processor, believes that the coronavirus pandemic may cause container shortages, port disruptions, and other logistical problems, but that exports should remain strong thanks to Chinese demand.
The Italian brand of Carnival Corporation & plc, this week officially took delivery of Costa Venezia, its first ship designed specifically to offer the best of Italy to the Chinese market. Costa Venezia is part of an expansion plan that includes a total of seven ships being delivered to the Costa Group by 2023.
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.