The Brazilian government announced on Tuesday that China had lifted the ban on Brazilian beef imports it had imposed in the wake of the BSE crisis in 2012.
A deal signed during a visit by Chinese prime minister Li Keqiang authorised eight Brazilian beef factories to export to China. Brazil expects 17 more to be licensed next month and annual beef exports to China to top $500m.
The announcement came after the Sao Paulo-based meat processing and exporting group JBS posted strong results for the first quarter of 2015, with a net profit of 1.39bn reais (€410m). The company was just about breaking even in the same period last year. Although analysts attribute some of JBS’s profits to exchange rates, the company is clearly on a growth path.
ADVERTISEMENT
Its chief executive officer Wesley Batista said he expected the US to allow imports of fresh Brazilian beef soon. Only cooked Brazilian beef is currently allowed into the US.
Register for free to read this story and our free stories.
This content is available to digital subscribers and loyalty code users only. Sign in to your account, use the code or subscribe to get unlimited access.
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
CODE ACCEPTED
You have full access to the site until next Wednesday at 9pm.
CODE NOT VALID
Please try again or contact support.
The Brazilian government announced on Tuesday that China had lifted the ban on Brazilian beef imports it had imposed in the wake of the BSE crisis in 2012.
A deal signed during a visit by Chinese prime minister Li Keqiang authorised eight Brazilian beef factories to export to China. Brazil expects 17 more to be licensed next month and annual beef exports to China to top $500m.
The announcement came after the Sao Paulo-based meat processing and exporting group JBS posted strong results for the first quarter of 2015, with a net profit of 1.39bn reais (€410m). The company was just about breaking even in the same period last year. Although analysts attribute some of JBS’s profits to exchange rates, the company is clearly on a growth path.
Its chief executive officer Wesley Batista said he expected the US to allow imports of fresh Brazilian beef soon. Only cooked Brazilian beef is currently allowed into the US.
If you would like to speak to a member of our team, please call us on 01-4199525.
Link sent to your email address
We have sent an email to your address. Please click on the link in this email to reset your password. If you can't find it in your inbox, please check your spam folder. If you can't find the email, please call us on 01-4199525.
ENTER YOUR LOYALTY CODE:
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
SHARING OPTIONS