菜单

Panjiva_research_logo

BRF wants more China export licenses but the Middle East is a bigger challenge

Ags - Meat/Dairy 246 Brazil 378 China 2894 Consumer Staples 733 Trade Deals 976 U.S. 5193

BRF may be losing market share in China due to a lack of meat shipping permits from the Chinese government. IR director Luiz Tavares has noted U.S. suppliers received permits for 1,000 plants in the past two years but Brazilian suppliers received none. U.S. exports of meat to China climbed 62.0% year over year in the 12 months to April 30, in part due to the phase 1 trade deal between the two countries, while those from Brazil climbed by a still considerable 33.8%. BRF has lagged its peers however as its shipments to China only rose by 21.9%. The firm’s total exports actually fell by 5.5...

Copyright © 2021 Panjiva Supply Chain Intelligence, a product offering from S&P Global Market Intelligence Inc. All rights reserved.