Tainted meat scan­dal in Brazil, which ac­counts for 40pc of global ex­ports, leaves ma­jor hole in chicken trade

New Straits Times - - Business -

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.

Newspapers in English

Newspapers from Malaysia

© PressReader. All rights reserved.