Reading Time: < 1 minute Sao Paulo | Reuters — Brazil’s JBS SA, the world’s biggest meatpacking company, announced on Thursday it had suspended beef production at 33 of its 36 Brazilian plants amid the corruption scandal that has caused some of the country’s biggest export markets to ban Brazilian meats. Agriculture Minister Blairo Maggi said a police investigation, which […] Read more
JBS suspends Brazil beef output amid import bans
Beef makes the cut as Australia, China move to boost trade
Reading Time: 2 minutes Sydney | Reuters — Australia and China are expected to sign new bilateral agreements on beef exports, energy and security during a four-day visit by Chinese Premier Li Keqiang that began on Thursday. Li, the first sitting Chinese premier to visit Australia in 11 years, was welcomed to parliament in Canberra by Prime Minister Malcolm […] Read more
Brazil beef scandal leaves fewer options for global buyers
Reading Time: 2 minutes Chicago | Reuters –– Global beef buyers will likely need to cobble together supplies from several nations if a scandal persists in Brazil’s meat sector because supply constraints and politics are already limiting trade flows, market analysts said Monday. China suspended imports of all meat products from Brazil, the world’s top beef exporter, as a […] Read more
JBS sees margins up in 2017 as feed, cattle costs fall
Reading Time: 2 minutes Sao Paulo | Reuters — Brazilian meatpacking giant JBS SA expects profit margins to improve over the course of this year, CEO Wesley Batista said on Tuesday, as lower cattle and feed costs and healthier markets ease the pressures that hurt 2016 results. JBS shares rose two per cent in Sao Paulo despite lower-than-expected earnings […] Read more
Guenther: Canada’s beef export sector waiting, watching
Reading Time: 3 minutes As speculation swirls around U.S. President-elect Donald Trump’s promise to renegotiate NAFTA, officials with Canada’s beef industry are taking a measured approach. They’re not ignoring the possibility of trade disruptions in the U.S., said Ryder Lee, CEO of the Saskatchewan Cattlemen’s Association — “but neither are we lighting our hair on fire yet at each […] Read more
Canadian beef follows tricky paths to international markets
Reading Time: 2 minutes CNS Canada — Canadian beef continues to find its way to markets around the world, but while a new deal with Mexico has brought smiles to the cattle industry, questions remain surrounding Canada’s proposed trade deal with the European Union. Britain’s recent referendum to exit the European Union has thrown into question whether the Comprehensive […] Read more
Mexico to accept OTM Canadian beef this fall
Reading Time: 2 minutes Mexico will resume “fully normalized” trade in beef products with Canada starting Oct. 1, accepting imports of Canadian beef from cattle over 30 months old (OTMs). The Canadian Cattlemen’s Association and Canadian Meat Council announced the move in separate releases Tuesday, following a joint statement by Mexican President Enrique Pena Nieto and Prime Minister Justin […] Read more
Argentine government to allow beef imports
Reading Time: < 1 minute Buenos Aires | Reuters –– Argentina will allow beef imports if the recent opening of the export market results in a domestic shortage of steaks and burgers, farm minister Ricardo Buryaile told local radio Thursday. The country lifted restrictions on beef exports after President Mauricio Macri, elected in November on an open-markets platform, was inaugurated […] Read more
Korea’s temporary ban on Canadian beef lifted
Reading Time: 2 minutes South Korea’s temporary ban on imports of Canadian beef and veal, imposed after Canada’s discovery of a 19th case of BSE in February, has been lifted as of Wednesday. Agriculture Minister Lawrence MacAulay and Trade Minister Chrystia Freeland announced the Korean government’s decision Thursday. South Korea had re-imposed its ban on Canadian beef after the […] Read more
EU to resume beef exports to Canada
Reading Time: 2 minutes Brussels | Reuters –– The European Union is to resume exports of beef to Canada from 19 of its member countries for the first time since 1996, when they were halted in the wake of the BSE scandal. The European Commission said Tuesday that Canada’s action was part of a growing trend to recognize the […] Read more
A message from April Stewart, Country Guide's Associate Editor
