China has suspended its embargo on beef from Brazil, a measure put in place in 2012 following an atypical case of bovine spongiform encephalopathy (BSE) in Brazil’s Paraná state, Brazil’s Agriculture Ministry said Thursday after a meeting of the presidents of Brazil, Dilma Rousseff, and China, Xi Jinping.
“The embargo is suspended and Brazil can now export to China without any problem at all,” said minister Neri Gellerl.
China was never a large buyer of beef from Brazil, but has great potential considering demand for beef in Hong Kong, the largest buyer of Brazilian beef with purchases of US$ 1.44 billion in 2013.
In 2012 Brazil exported to China US$ 37.768 million of beef.
Brazilian beef exports overall in the first half of 2014 totalled 762,000 tons (US$ 3.404 biilion) according to the Brazilian Association of Meat Exporting Industries (Abiec).(macauhub/BR/CN)