Brazil Chinese buyers expect Brazil trade to resume soon despite mad cow cases
Beef Chinese beef importers said the suspension of exports by top supplier Brazil due to two cases of mad cow disease has had no immediate market impact, with some still making purchases in anticipation of a quick resumption of trade, according to Reuters.
Posted on Sep 07 ,12:10
Chinese buyers expect Brazil trade to resume soon despite mad cow cases
Brazil, the world's largest beef exporter, has suspended beef exports to its No. 1 customer China after confirming two cases of "atypical" mad cow disease in two separate domestic meat plants.
The suspension is a major blow for Brazilian farmers: China and Hong Kong buy more than half of Brazil's beef exports.
"Atypical" mad cow is considered to be of lower risk than the classical form of the disease, as it occurs naturally and only sporadically in older cattle.
Brazil has shipped more than 500,000 tonnes of beef to China from January to July this year, or 38% of China's total imports, Chinese customs data show, putting it far ahead of No.2 supplier, Argentina, which supplied just under 300,000 tonnes.
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