Brazil and Argentina have increased their market share in the Asian market.
Brazil’s meat industry association ABPA said a “perfect storm” of health and food security concerns in China promises to drive up demand for South American meat, giving Brazilian meatpacker shares a boost on Monday.
Brazil’s pork and poultry exports are expected to rise in 2020 as an extended outbreak of African Swine Fever (ASF) in China pushes demand from that country higher.
Brazil, Until October, beef exports have increased by 11% in volume and 8% in value.
Brazilian protein producer Marfrig Global Foods SA has raised its stake in U.S. meatpacker National Beef Packing Company to 81.7% from 51%, according to Sunday evening filings.
China granted export licenses to 25 Brazilian meatpacking plants, Brazil’sAgriculture Ministry said on Monday, allowing the country’s fast-growing protein industry to feed more people in the Asian nation where disease has hurt local supply.