Latest news with #ScotConsultoria
The Sun
16-07-2025
- Business
- The Sun
Brazilian beef exporters reassess US shipments after 50% tariff hike
RIO DE JANEIRO/SAO PAULO: Brazilian meatpackers are weighing whether to make new shipments of beef products to the United States after President Donald Trump announced a 50% tariff on Brazil last week, Roberto Perosa, president of Brazilian beef lobby ABIEC, said. The United States is Brazil's second most important beef products market after China, according to trade data. 'New shipments are under analysis by the private sector due to the increase in tariffs,' Perosa said on Tuesday. The announcement of the tariffs affected Brazil's cattle market last week and on Monday, with companies sharply reducing purchases of animals because of the uncertainty related to the tariff announcement, said Alcides Torres, a beef market consultant with Scot Consultoria. 'The market turned cold,' Torres said. Brazil, the world's largest beef exporter, accounts for some 23% of U.S. beef imports, according to calculations by Genial Investimentos. Since Trump's announcement, meatpackers have been scrambling to reschedule and redirect shipments and production, Perosa said last week, noting that some companies had already decided to temporarily halt production destined for the United States. Beefpacker Minerva, one of the hardest hit in Brazil, derives around 5% of its net revenue from beef sales to the U.S., the company said after the announcement of the new U.S. tariff, effective August 1. Following the release of Minerva's first-quarter results in May, Genial said that the company had 'slaughtered a considerable volume of cattle and transferred meat in advance to facilities in the U.S. to mitigate risks from additional tariffs.' Minerva declined to comment. A persistent shortage of cattle in the U.S. increased the country's demand for Brazilian beef imports, trade data shows. According to analysts, the new tariff could make beef more expensive for U.S. consumers. - Reuters
Yahoo
15-07-2025
- Business
- Yahoo
Meatpackers rethink beef exports to US after Trump tariffs, industry lobby says
By Ana Mano RIO DE JANEIRO/SAO PAULO (Reuters) -Brazilian meatpackers are weighing whether to make new shipments of beef products to the United States after President Donald Trump announced a 50% tariff on Brazil last week, Roberto Perosa, president of Brazilian beef lobby ABIEC, said. The United States is Brazil's second most important beef products market after China, which is the South American country's number one importer of the commodity, according to trade data. "New shipments are under analysis by the private sector due to the increase in tariffs," Perosa said on Tuesday. The announcement of the tariffs affected Brazil's cattle market last week and on Monday, with companies sharply reducing purchases of animals because of the uncertainty related to the tariff announcement, said Alcides Torres, a beef market consultant with Scot Consultoria. "The market turned cold," Torres said. Brazil accounts for some 23% of U.S. beef imports, according to calculations by Genial Investimentos. Minerva , a listed beefpacker in Brazil, derives around 5% of its net revenue from beef sales to the U.S., the company said after the U.S. announced the imposition of the new tariff from August 1. The company did not have an immediate comment on the status of its beef shipments to the U.S. A recent shortage of cattle in the U.S. increased the country's demand for Brazilian beef imports, trade data shows. According to analysts, the new tariff could make beef more expensive for the U.S. consumer.
Yahoo
15-07-2025
- Business
- Yahoo
Meatpackers rethink beef exports to US after Trump tariffs, industry lobby says
By Ana Mano RIO DE JANEIRO/SAO PAULO (Reuters) -Brazilian meatpackers are weighing whether to make new shipments of beef products to the United States after President Donald Trump announced a 50% tariff on Brazil last week, Roberto Perosa, president of Brazilian beef lobby ABIEC, said. The United States is Brazil's second most important beef products market after China, which is the South American country's number one importer of the commodity, according to trade data. "New shipments are under analysis by the private sector due to the increase in tariffs," Perosa said on Tuesday. The announcement of the tariffs affected Brazil's cattle market last week and on Monday, with companies sharply reducing purchases of animals because of the uncertainty related to the tariff announcement, said Alcides Torres, a beef market consultant with Scot Consultoria. "The market turned cold," Torres said. Brazil accounts for some 23% of U.S. beef imports, according to calculations by Genial Investimentos. Minerva , a listed beefpacker in Brazil, derives around 5% of its net revenue from beef sales to the U.S., the company said after the U.S. announced the imposition of the new tariff from August 1. The company did not have an immediate comment on the status of its beef shipments to the U.S. A recent shortage of cattle in the U.S. increased the country's demand for Brazilian beef imports, trade data shows. According to analysts, the new tariff could make beef more expensive for the U.S. consumer. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
NZ Herald
21-05-2025
- Business
- NZ Herald
World crazy for chicken is losing its biggest supplier
Global chicken supplies have been constrained by low egg fertility rates and a number of outbreaks of bird flu. The virus, which has already caused shortages of eggs in American supermarkets, will curb US chicken exports to the lowest since 2015, the USDA projects. In the US, the strong demand and limited supplies already have been pushing up prices. Chicken breasts cost about US$3 a kilo, the highest since July 2022, according to the USDA. Commercial farms in Brazil had so far been insulated from the virus, which has killed tens of millions of birds globally recently. Roughly two-thirds of the estimated growth in global chicken exports this year were anticipated to come from Brazil, the USDA data show. That was until last week, when the virus was discovered at a commercial flock in the southern state of Rio Grande do Sul. And there are concerns it could spread, with suspected cases in neighbouring Santa Catarina and the northern state of Tocantins still under investigation. China and South Korea were some of the most affected buyers. The nations, which rely on Brazil for more than 70% of their imports, have both implemented nationwide bans. Countries that implemented only partial bans such as Saudi Arabia are likely to fare better. South Korea's Broiler Association requested affiliated companies to boost production and said the chicken industry will make 'every effort to stabilise supply and demand,' according to a statement. Meanwhile, the nation's agriculture ministry asked importers and retailers to release their inventories while it explores ways to increase domestic supplies. The Philippines, which relies on Brazil for roughly half of its chicken imports, will seek to buy meat from the US, Poland and Hungary, a government official said earlier. China may see higher prices in the short term, particularly for chicken feet and wings, while the upside seems to be limited because of adequate supplies, Sun Yanan, an analyst with Chinese industry consultant SCI99, wrote in an analysis. The scale of the disruptions will depend on Brazil's ability to prevent the spread of the deadly virus. Brazil's southern region contains about 75% of its chicken production for export. Brazil last halted shipments to China and Europe in July and restricted sales to other countries after detecting Newcastle disease at a commercial farm. But the bans were quickly reversed. 'The solution for importers is to take a more measured approach on the protective measures,' said Alcides Torres, founder at consulting firm Scot Consultoria. 'There is no other supplier as Brazil.'
