WORLD FACES POULTRY SHORTAGE
Tainted meat scandal in Brazil, which accounts for 40pc of global exports, leaves major hole in chicken trade
SÃO PAULO the United States.
With nations including South Korea placing limits on American imports, the world could be left hungry for chicken if competitors can’t fill the void.
“It’s hard to say which country could fully replace a giant as Brazil in the world chicken market with the US affected by bird flu,” said Informa Economics Group-FNP director Jose Vicente Ferraz. “I would venture to say there’s no country able to do that at the moment.”
Brazil was expected to increase its share of the global poultry trade this year. Untouched by bird flu, demand for its products surged after outbreaks of the virus in Asia, Europe and the US.
China was expected to be the leading growth market, said the US Department of Agriculture in October.
Instead, the tainted-meat scandal could mean damage to the country’s image as a premier meat supplier, said Brazil’s Trade Minister Marcos Pereira. Bloomberg
An import ban on Brazilian poultry in the wake of the rotten meat scandal may leave a major hole in global trade, since the country accounts for about 40 per cent of the world’s supply.