Latest news with #Abiec
Bloomberg
2 days ago
- Business
- Bloomberg
Trump's Tariffs Threaten Brazil Beef With $1 Billion Sales Loss
Brazilian beef exporters could face a $1 billion hit to sales in the second half of 2025 if US President Donald Trump moves forward Friday with a plan to impose 50% tariffs on the country's exports, according to industry group Abiec, which represents companies including JBS NV. The proposed levies would severely restrict the world's largest beef supplier from shipping to the US, with no alternative markets ready to absorb the displaced volumes, Abiec head Roberto Perosa said in an interview with Exame. Brazil had initially been expected to more than double exports to the US to about 400,000 metric tons this year, he said.
Yahoo
2 days ago
- Business
- Yahoo
Brazil beef-packers estimate $1 billion in losses if US tariffs apply
By Ana Mano SAO PAULO (Reuters) -Brazilian beef-packers' lobby Abiec, which represents companies including JBS and Marfrig, on Tuesday estimated losses of $1 billion if the United States applies a 50% tariff on Brazilian exports. The U.S. is Brazil's second biggest beef export destination after China. Roberto Perosa, head of Abiec, said Brazilian beef companies had expected to sell some 400,000 tons by yearend to the U.S., but imposition of a 50% tariff would make sales "inviable." No market can immediately replace the U.S. based on the sheer volume demanded by the importers and the price they are in a position to pay, he said. Brazilian beef-packers exported around 181,000 metric tons of beef worth $1 billion to the U.S. in the first half of this year, according to trade data, equivalent to around 12% of the country's total beef exports. The trade represented a nearly 113% increase by volume and a 102% increase by revenue on an annual basis, reflecting strong demand for the Brazilian product, which is mainly processed to make hamburgers for the United States. Speaking at a live event, Perosa said sector representatives are having talks with lawmakers in the U.S. hoping they can help avert enforcement of the new tariffs from August 1. He said a lack of Brazilian exports would spur domestic beef inflation in the U.S., which has been grappling with scarce cattle supplies and has been increasingly relying on beef imports.
Yahoo
2 days ago
- Business
- Yahoo
Brazil beef-packers estimate $1 billion in losses if US tariffs apply
By Ana Mano SAO PAULO (Reuters) -Brazilian beef-packers' lobby Abiec, which represents companies including JBS and Marfrig, on Tuesday estimated losses of $1 billion if the United States applies a 50% tariff on Brazilian exports. The U.S. is Brazil's second biggest beef export destination after China. Roberto Perosa, head of Abiec, said Brazilian beef companies had expected to sell some 400,000 tons by yearend to the U.S., but imposition of a 50% tariff would make sales "inviable." No market can immediately replace the U.S. based on the sheer volume demanded by the importers and the price they are in a position to pay, he said. Brazilian beef-packers exported around 181,000 metric tons of beef worth $1 billion to the U.S. in the first half of this year, according to trade data, equivalent to around 12% of the country's total beef exports. The trade represented a nearly 113% increase by volume and a 102% increase by revenue on an annual basis, reflecting strong demand for the Brazilian product, which is mainly processed to make hamburgers for the United States. Speaking at a live event, Perosa said sector representatives are having talks with lawmakers in the U.S. hoping they can help avert enforcement of the new tariffs from August 1. He said a lack of Brazilian exports would spur domestic beef inflation in the U.S., which has been grappling with scarce cattle supplies and has been increasingly relying on beef imports. Sign in to access your portfolio
Reuters
2 days ago
- Business
- Reuters
Brazil beef-packers estimate $1 billion in losses if US tariffs apply
SAO PAULO, July 29 (Reuters) - Brazilian beef-packers' lobby Abiec, which represents companies including JBS and Marfrig ( opens new tab, on Tuesday estimated losses of $1 billion if the United States applies a 50% tariff on Brazilian exports. The U.S. is Brazil's second biggest beef export destination after China. Roberto Perosa, head of Abiec, said Brazilian beef companies had expected to sell some 400,000 tons by yearend to the U.S., but imposition of a 50% tariff would make sales "inviable." No market can immediately replace the U.S. based on the sheer volume demanded by the importers and the price they are in a position to pay, he said. Brazilian beef-packers exported around 181,000 metric tons of beef worth $1 billion to the U.S. in the first half of this year, according to trade data, equivalent to around 12% of the country's total beef exports. The trade represented a nearly 113% increase by volume and a 102% increase by revenue on an annual basis, reflecting strong demand for the Brazilian product, which is mainly processed to make hamburgers for the United States. Speaking at a live event, Perosa said sector representatives are having talks with lawmakers in the U.S. hoping they can help avert enforcement of the new tariffs from August 1. He said a lack of Brazilian exports would spur domestic beef inflation in the U.S., which has been grappling with scarce cattle supplies and has been increasingly relying on beef imports.
GMA Network
29-05-2025
- Health
- GMA Network
Brazil declared free of foot-and-mouth disease without vaccination
SAO PAULO/PARIS - The World Organization for Animal Health has recognized Brazil, the world's leading beef exporter, as a country free of foot-and-mouth disease without vaccination, a Brazilian official and a spokesperson for the intergovernmental body said. Brazilian lobbies representing some of the largest Brazilian meatpackers, including JBS Minerva and Marfrig said the development was historic, as it can help Brazil to win new markets. "The new status will be announced on June 6 at a formal ceremony after a meeting between President Lula and WOAH Director General Emmanuelle Soubeyran," Brazil's Chief Veterinary Officer Marcelo Mota told Reuters on the last day of a WOAH conference in Paris. Last year, Brazilian companies exported beef worth nearly $13 billion to countries including China, the United Arab Emirates and the United States, which has increased imports from Brazil because of a scarcity of cattle for slaughter. The change in status can be used as a "strategic asset" in talks to open markets with strict standards, such as Japan, Brazilian beef lobby Abiec said in a statement. It added the Philippines and Indonesia have expressed interest in importing beef offal based on the health status. "The new status also brings new challenges and responsibilities for all actors involved," Abiec said, alluding to maintaining the herd in adequate sanitary conditions. The long-sought change had been anticipated by Brazilian authorities, including Agriculture Minister Carlos Favaro. In May 2024, when Brazil announced the end of the vaccination cycle against foot-and-mouth disease, Favaro said it moved Brazil "to the next level of the world's health elite". At the time, Brazil's goal of being free of foot-and-mouth disease without vaccination by 2026 was brought forward to 2025, the ministry said. The Brazilian Agriculture Ministry did not immediately respond to a request for comment on Thursday. — Reuters
