Welcome

Welcome

Wednesday, July 20, 2016

US Imports of Beef Products from Brazil is Rising

U.S. imports of processed beef and sub-beef products from Brazil rose 34 percent in June over the previous month. They’re expected to keep rising every year to get back to the volumes that were traded before imports were suspended in 2010. The U.S. doesn’t bring in fresh beef from Brazil but does purchase a lot of processed products like canned corned beef. U.S. purchases from Brazil totaled $27.6 million in June, which means America is now one of the biggest beef buyers from Brazil. U.S. purchases were suspended from April to December in 2010 due to high levels of anti-parasitic medications in beef imports. Industrialized beef exports from Brazil have been increasing every year since 2012. They’re expected to go higher after the countries sign a formal agreement to authorize fresh beef trade, which could happen this year.