Beef Stock Market
Brazil has suspended beef exports to China following the discovery of two separate cases of ‘atypical’ Bovine Spongy Encephalopathy (BSE) or mad cow disease in the country.
Brazil’s Ministry of Agriculture, Livestock, confirmed the two cases of the disease in abattoirs in Brazil in two separate states of the country, Minas Gerais and Mato Grosso.
Brazil’s Ministry of Agriculture, Livestock, confirmed the two cases of the disease in abattoirs in Brazil in two separate states of the country, Minas Gerais and Mato Grosso.
The discovery of mad cow disease is a blow to Brazil and will restrict beef movements around the world.
“It will make the supply of beef around the world very tight as we come into the strongest period of demand for the year globally,” meat industry analyst Simon Quilty said.
It means the world’s biggest beef exporter won’t be selling beef to the world’s biggest beef buyer, China.
According to Mr Quilty, Brazil exports an average of 71,000 tonnes of beef to China each month and the market is expecting exports to be suspended for at least two weeks.
