Despite Brazilian resistance, China manages to push prices down
Editor: Andrés Oyhenard
andres@tardaguila.com.uy
The confirmation by the US of the 40% surtax on Brazilian beef ended up impacting Brazil’s latest deals with China. The new rate—unless there are last-minute negotiations that modify it—will come into force in the coming hours. Although the Brazilian industry has a strategy not to oversupply production during the first week of this new configuration for the global beef trade, prices have fallen.
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