China may import US$1.2 billion in Brazilian beef in 2015

1 August 2014

Brazil’s Agriculture Ministry estimates that beef exports to China in 2015 may total between US$800 million and US$1.2 billion, or 20 percent of Brazil’s total foreign exports.

In July China announced it had lifted the embargo on Brazilian beef that had been in place for 18 months.

Brazilian meat sales to china totalled US$37.7 million in 2012.

As exports to the whole of China open up, exports to Hong Kong, Brazil’s biggest market in China make fall. Hong Kong imported 192,000 tons of beef in the first half of this year worth US$794.5 million.

China has approved meat exports from eight Brazilian abattoirs and another nine are expected to be approved this year. (macauhub/CN/BR)