The Chinese government has agreed new pricing rules for imports of poultry from Brazil. That followed an earlier antidumping case against major producers including JBS and BRF – who jointly accounted for 58.6% of Brazilian poultry exports in the 12 months to Nov. 30. China had previously accounted for 11.0% of Brazilian poultry exports. Saudi Arabia meanwhile has revoked import licenses for “technical” reasons and represents 12.8% of exports. The large exporters can ill afford the disruptions. JBS total exports of poultry from Brazil fell 13.5% year over year in the three months to Nov. ...
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