China increases Brazilian beef imports by 31%

RIO DE JANEIRO, BRAZIL – With the resumption of purchases from China, Brazilian beef exports jumped in January. According to the Secretariat of Foreign Trade (Secex), 140,500 tons of fresh protein were exported last month, a 31% increase year on year.

“The embargo on Brazilian meat probably brought a drop in Chinese stocks, and with the arrival of the lunar new year, they needed to buy back the stocks. Currently, China is returning to a significant level in imports,” says João Pedro Thieme, an analyst at Ag Resource Brazil.

Still, according to the expert, the volume of beef shipped has room to grow even more and get close to the levels observed last year, when the South American country shipped up to 187,000 tons to the Asian country.

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