Brazillian Butchers JBS, BRF May Be Helped By China Meet-Up — Panjiva


Brazillian Butchers JBS, BRF May Be Helped By China Meet-Up

Ags - Meat/Dairy 139 Brazil 264 China 1793 Cons. Staples - Food/Beverages 406

China is set to increase the number of import licenses available to Brazillian meat suppliers as part of a state visit next month. That could be negative for U.S. farmers if a China-U.S. trade deal isn’t reached. A China-Brazil deal comes as total Brazilian meat exports have stagnated in the past 12 months. A 5.2% drop in exports to the Middle East was only just offset by a 16.4% rise in shipments to China. The latter has been led by a 30.7% jump in exports to China by JBS. By contrast BRF suffered a 2.4% drop, possibly as the result of earlier safety concerns. Second tier supplier...

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