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China becomes main market for Brazilian beef

Xinhua, March 2, 2016 Adjust font size:

China has become the main market for Brazilian beef, an official report said Tuesday.

China bought 906 million U.S. dollars' worth of beef from June 2015 to January 2016, making up 28 percent of the sector's revenue, according to data from the Brazilian Ministry of Development published by local daily Folha de Sao Paulo.

"They buy all types of cuts and are accounting for solid revenue," according to Antonio Camardelli, president of the Brazilian Association of Meat Exporters.

Analysts believe there is still potential for further demand, as an average Chinese consume around six kilograms of beef per year, while a Brazilian would consume 35-40kg.

China imposed an embargo on Brazilian beef in 2012 after a case of mad cow disease was found in the southern Brazilian state of Parana, at the time when China bought 1 percent of Brazilian exported beef.

The embargo was lifted in June, releasing surging demand for the South American country's prized product.

Egypt is the second largest importer with 443 million dollars while Venezuela trailing in third with 357 million dollars. Endi