JBS, Marfrig’s Brazilian beef could benefit from Argentine export ban — Panjiva
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JBS, Marfrig’s Brazilian beef could benefit from Argentine export ban

Ags - Meat/Dairy 250 Argentina 57 Brazil 394 Consumer Staples 760 Strikes 65

Argentina has stopped exporting beef in an attempt to curb inflation, which has led to closures of meat packing plants and a strike by ranchers. Argentina’s exports of beef accounted for 5.9% of global trade in 2019. That would suggest global shortages might be averted though prices could rise, particularly in China which purchased 57.8% of Argentina’s beef exports in 2019. Brazilian meat exporters are likely positioned well to benefit from the ban. Exports to China from Brazil have also increased, rising 36.8% year over year in Q1. JBS, Marfrig, and Minerva, who together accounted for 6...

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