Business Maverick: Brazil suspends beef exports to China after mad cow case

The case of bovine spongiform encephalopathy was confirmed by Brazil’s Agriculture Ministry on Wednesday, and shipments to China were halted as part of a trade protocol between the nations. Brazilian authorities will be holding conversations with Chinese counterparts in a bid for a “prompt re-establishment” of trade flows, the ministry said in aThe export suspension is a blow to some of the world’s major meatpackers, including JBS SA, Marfrig Global Foods and Minerva SA.

Samples of the infected animal were sent to a lab in Alberta, Canada, to determine if the case is “atypical”. The atypical variety differs from “classical” BSE linked to Creutzfeldt-Jakob disease in people. An atypical case also generally means the animal contracted the disease spontaneously, not through contaminated meat-and-bone meal.

The ban on shipments to China is only expected to last a short time if the case is atypical, said Pan Chenjun, a senior analyst at Rabobank. Still, there’ll be a significant impact in the meantime because Brazil is such a large supplier. Other South American exporters may benefit as they have similar products.

The mad cow case was detected in a nine-year old cow in Maraba, Para state. The animal, which was fed on grass only, was culled and its carcass incinerated on the farm. The last atypical mad cow case in Brazil happened in 2021, when China took three months to lift an export ban. Based on the outlook for tight global beef supplies and the Chinese economy growing more than in 2022, it is possible the ban will be shorter compared with 2021, according to Hyberville Neto, director at HN Agro consultancy.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Steinhoff to pay R3.9 billion to settle lawsuit by Austrian ex-business partner | BusinessRetailer Steinhoff says it has reached a full and final settlement of €202.12 million (roughly R3.9 billion) with an Austrian company linked to a former business partner. | News24_Business _Business Business partners getting a payout before the SA public, must be nice. But people still on here complaining about the Guptas 👀
Source: News24 - 🏆 4. / 80 Read more »

Putin tells business elite: Don't beg for Western money, invest in Russia | BusinessPresident Vladimir Putin took a swipe at Russia's business elite on Tuesday, urging those 'begging' for money in the West to invest at home instead and telling them that ordinary Russians had no sympathy for their lost yachts and palaces | News24_Business _Business He's just so elite. He's speech got hacked today. Karma _Business Man with balls of steal _Business 💔I wonder were would RSA be today if we had Continued as a Country to be under BRICS Organisation Mhlampe ngabe sina maplazi namhlanje 😭😭😭
Source: News24 - 🏆 4. / 80 Read more »

Business Maverick: Russian oil flows to China hit highest levels since Ukraine invasionRussian exports of discounted crude and fuel oil to China have jumped to record levels as the re-opening of the world’s biggest energy importer gathers pace after the dismantling of Covid Zero. Oil for ammunition
Source: dailymaverick - 🏆 3. / 84 Read more »

Business Maverick: China calls Russia ties ‘solid as rock’ amid Ukraine peace pushChina’s top diplomat Wang Yi said relations with Russia were “solid as rock” even as Beijing moves to portray itself as a neutral actor that can broker peace in Ukraine.
Source: dailymaverick - 🏆 3. / 84 Read more »

South African food service firm Bidcorp to keep China businessSouth Africa-based Bid Corporation Ltd (Bidcorp) told Reuters on Wednesday it was keeping its Greater China business, after Beijing eased some of the world's toughest COVID curbs.
Source: ReutersAfrica - 🏆 31. / 53 Read more »