China's swine flu loss is South America's gain as beef export volumes soar
CHINA is expected to increase Uruguayan beef imports through the end of 2020 as it copes with African swine fever, says Uruguay's biggest independent meat packer
CHINA is expected to increase Uruguayan beef imports through the end of 2020 as it copes with African swine fever, says Uruguay's biggest independent meat packer.
'We see China very active,' in the market for meat, said Frigorifico Las Piedras director Alberto Gonzalez.
Brazilian meat giants JBS SA and BRF SA say much the same as spread of African swine fever is sparking long-term shifts for the global protein industry.
'The disease has decimated the hog herd in China, the world's biggest pork consumer, and the country has been forced to increase meat imports at a time Bloomberg reports.
Uruguay's beef shipments fetched on average US$3,717 a tonne, by carcass weight, during the first eight months of 2019, up from $3,570 in the same period last year, according to national meat agency Inac.
China bought almost two-thirds of Uruguay's beef exports during that period, with government data showing purchases rising 33 per cent from a year earlier to 198,167 tonnes.
Argentina is now a major competitor in Europe, Israel and to a lesser degree China, thanks to a major slide in its currency since the start of an economic crisis in April 2018.