Brazil expects to resume exports of its meat products to China and Saudi Arabia before the end of the year, according to Neri Geller, Brazil’s minister of agriculture, livestock and supply. The growth potential from the readmission of Brazilian beef into the two markets will help further industrialize Brazil’s global agricultural trade and incorporate technological advances, Geller said at a Nov 18 news conference. “The decision of the Chinese government is recognition of the rigorous process of production and inspection,” Geller said. “This generates trade surplus and moves the national economy.”…Full Article: China Daily Nov 2014
- According to Brazil’s Minister of Agriculture, the reopening of China’s and Saudi Arabia’s beef market is expected to create US$700 million to US$1 billion in trade in 2015.
- Brazilian beef exports should begin during the first half of December 2014.
- According to the US Meat Export Federation, since 2012, Australia, Uruguay, New Zealand, Canada, and Argentina have been China’s top beef suppliers.
- By the end of 2014, Brazil is expected to have 17 Chinese approved abattoirs (i.e. slaughterhouses that can export to mainland China).
- In 2013, Hong Kong imported US$1.44 billion worth of Brazilian beef.
- In 2012, mainland China banned Brazilian beef imports due to a case of bovine spongiform encephalopathy (BSE or ‘mad cow’) in Paraná state (southern Brazil).