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According to the report, in 2022, the Chinese market will continue to be the main driving force for Brazilian beef exports
.
The Brazilian website "Portal DBO" reported that the report predicts that "when we look at China's demand in the medium term, imports are expected to increase.
" "This is because the change in consumption habits (of the Chinese) during the epidemic has increased the demand for beef
.
"From January to October this year, Chinese mainland's purchases of Brazilian beef accounted for 45% of Brazil's exports
.
In the same period last year, this ratio was 42%, "this shows that Brazil has consolidated its position as the largest beef supplier and has gained more space
.
"
" "This is because the change in consumption habits (of the Chinese) during the epidemic has increased the demand for beef
.
"From January to October this year, Chinese mainland's purchases of Brazilian beef accounted for 45% of Brazil's exports
.
In the same period last year, this ratio was 42%, "this shows that Brazil has consolidated its position as the largest beef supplier and has gained more space
.
"
Rabobank assessed that in the case of limited local production growth, China’s choice is to increase external purchases of beef.
“In this sense, Brazil is in a favorable position in the Chinese market
.
” The bank added, “It is expected that (China ) Demand growth will continue until at least 2025"
.
However, in the opinion of the bank’s analysts, “because China accounts for a high proportion of Brazilian meat exports, the strong dependence on the Chinese market also increases the risk of the Brazilian meat industry
.
”
“In this sense, Brazil is in a favorable position in the Chinese market
.
” The bank added, “It is expected that (China ) Demand growth will continue until at least 2025"
.
However, in the opinion of the bank’s analysts, “because China accounts for a high proportion of Brazilian meat exports, the strong dependence on the Chinese market also increases the risk of the Brazilian meat industry
.
”
This year, mainland China is still the main export destination of Brazilian beef, followed by Hong Kong and the United States.
These three markets account for 63% of all overseas sales of Brazilian beef
.
Then, the current “point of instability is due to Brazil’s suspension of shipments to China from September 4 after the discovery of two cases of atypical mad cow disease in Brazil
.
”
These three markets account for 63% of all overseas sales of Brazilian beef
.
Then, the current “point of instability is due to Brazil’s suspension of shipments to China from September 4 after the discovery of two cases of atypical mad cow disease in Brazil
.
”
Data for October showed that Brazilian beef exports fell by 49% year-on-year, while China’s purchases of Brazilian beef fell by 93% during the same period
.
However, the bank expects that China will soon resume imports of Brazilian beef, but the impact of the decline in the price of Brazilian live cattle is already obvious
.
Rabobank is expected, due to a temporary halt exports to China, Brazil's beef exports this year will be down by 2%, "is expected in 2022, the export volume will be a slight increase of 1%"
.
.
However, the bank expects that China will soon resume imports of Brazilian beef, but the impact of the decline in the price of Brazilian live cattle is already obvious
.
Rabobank is expected, due to a temporary halt exports to China, Brazil's beef exports this year will be down by 2%, "is expected in 2022, the export volume will be a slight increase of 1%"
.
For the Brazilian domestic market, Rabobank analyzed, taking into account the economic recovery in Brazil and the world (driven by the new crown vaccination), the impact of climate risks (La Niña) on cereals and pastures, new forecasts of lower exchange rates, and a new package of financial aid Plans, China’s demand and the 2022 election, Brazil’s beef market next year may be as turbulent as this year
.
.
Rabobank analysts estimate that considering that Brazilian beef production will fall by 3.
5%, beef stocks should increase again this year
.
"We expect beef production to rebound by 1% next year, thanks to the increase in China's imports and the expectation that domestic consumption will rebound slightly by 0.
5%,
" the report said
.
5%, beef stocks should increase again this year
.
"We expect beef production to rebound by 1% next year, thanks to the increase in China's imports and the expectation that domestic consumption will rebound slightly by 0.
5%,
" the report said
.
