March 4, 2016
China now key market for Brazilian beef following end of ban
Brazilian beef now finds its key market in China following the end of an embargo enforced over a BSE outbreak in the state of Paraná, Folha de São Paulo reported.
During June 2015 to January 2016, China's (excluding Hong Kong) purchase of beef from Brazil reached a value of US$517 million, taking up 16% of the South American nation's overall revenue from beefexports.
In the last eight months, China'sBrazilian beef import is worth US$906 million when taking into account Hong Kong's purchases which is valued at US$389 million. The amount covered 28% of Brazil's beef exports.
Last year, exports to Hong Kong dropped 44%. It is, nevertheless, the third biggest importer of Brazilian beef due to its position as a transit point for beef deliveries to the Chinese mainland.