Brazil has suspended beef exports to China, its largest market, after this weekend confirming two cases of “atypical” mad cow disease in separate meat plants.
The Latin American nation is the world’s largest beef exporter and its meatpacking companies, notably JBS and Marfrig, have profited handsomely from the surging market for protein in China.
Between January and July this year, shipments of beef from Brazil to China reached 490,000 tons and generated sales of US$2.4bn, an increase of 8.6 per cent and 13.8 per cent, respectively, compared with the same period last year, according to data from the Brazilian Meat Exporting Industry Association.
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