China deals blow to Brazilian economy by holding import ban on meat — MercoPress


Source: mercopress.com mercopress.com

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The price of meat went down for Brazilian consumers China's decision to uphold a ban on meat imports from Brazil means US $ 450 million less for the coffers of President Jair Bolsonaro's administration, it was reported Wednesday. It was also good news for Uruguay. With Argentina gradually recovering from a presidential export ban, Uruguay is said to have seized most of the opportunities stemming from the new Chinese scenario. Argentina's Agriculture Minister has in recent weeks authorized monthly quotas of between 50 and 100 tons for exporting meat packs, which has restored the price of canned and manufactured beef...