The largest consumer and importer of the product in the world, the Asian country faces a scenario of excess supply, resulting in a drop in prices domestically
A has launched an investigation into beef imports, with the aim of assessing whether the increase in purchases is negatively affecting local producers. The Brazilian government is committed to demonstrating that meat exports do not harm the Chinese industry, defending the quality and safety of the product. Brazilian ministries said they will provide the necessary information for the investigation, which will focus on imports made between 2019 and the first half of 2024.
During this period, beef purchases increased, which raised concerns about the impact on the local industry. The 12% tariff on imports remains in force. China, which is the largest consumer and importer of beef in the world, faces a scenario of excess supply, resulting in a drop in the prices of domestically produced meat. The investigation was requested by industry associations and should be completed within eight months, although there is the possibility of extension.
After the announcement of the investigation, shares of Brazilian meatpackers suffered a significant drop. Brazil stands out as one of the main suppliers of meat to China, which has established itself as the country’s largest trading partner in the area of animal proteins. In 2024, Brazilian beef exports to China exceeded 1 million tons, representing a growth of 12.7% compared to 2023.
The Brazilian Association of Meat Exporting Industries (Abiec) reaffirmed that Brazilian beef is of high quality and meets strict health and safety standards. The entity also committed to collaborating with Chinese authorities during the investigative process, seeking to ensure the continuity of exports.
*Report produced with the help of AI
Published by Fernando Dias
