By Roberto Samora
By Roberto Samora
SAO PAULO, Nov 21 (Reuters) – Brazil’s well-known barbecue is getting costlier as Chinese language demand is more and more swallowing up the nation’s beef provide, pushing Brazilian cattle costs to a report excessive.
China’s starvation for overseas meat has shot up as an outbreak of African swine fever has decimated its home pig inhabitants and has despatched it in search of substitutes. Chinese language imports of Brazilian meat are up 23.6% for January to October in opposition to the identical interval final yr, meatpackers affiliation Abrafrigo says.
Wholesale beef costs within the better Sao Paulo space have consequently hit an all-time excessive of 13.9 reais per kilogram ($1.50 per pound) this week, in line with College of Sao Paulo’s Cepea analysis heart, a benchmark think-tank.
That is feeding by way of and having an affect on shopper costs.
Beef costs have risen 36.4% this yr in São Paulo, the most important shopper market, to 14.69 reais per kg on…