Brazil's soaring meat exports threaten the Australian market
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Last Update: 2002-11-19
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Source: Internet
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Author: User
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Introduction: on November 15, 2002, Brazil's beef exports have increased by 59% compared with the previous two years, raising concerns about the beef cattle industry in the United States and Australia Chicken exports from Brazil have risen by 50% compared with the previous two years, while pork exports to Russia have risen by 340% in the past two years According to the data of the leaders of the US pork export alliance, the US only exported 9572 tons of pork to Russia from January to September this year, down a lot from 20043 tons in the same period last year Phil Seng, chief executive of the association, reported to Reuters that the increase in Brazil's global share of meat is mainly a concern of the United States At the same time that the Brazilian dollar depreciated by 60% against the US dollar, the cost of product production also fell a lot compared with that of the United States, making Brazil the most headache competitor of the United States.
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