Beef prices to jump after Brazil 'shock'

 

Maisy Mok and Agencies, The Standard (Hong Kong)

6 Sep 2021

 

Frozen beef sold in the city will become pricier after Brazil suspended beef exports to Hong Kong and China following mad cow disease cases.

 

Brazil's agriculture ministry has suspended beef exports to its top customer, China, after two cases of "atypical" mad cow disease were confirmed in two separate domestic meat plants.

 

Hong Kong and the mainland buy more than half of Brazil's beef exports.

 

Brazil is the top importer of frozen boneless beef in Hong Kong, with census figures showing that 60 percent of the boneless beef and 12 percent of beef with bones were from Brazil in 2017.

 

Simon Wong Ka-wo, president of the Hong Kong Federation of Restaurants and Related Trades, said frozen beef sold in stalls and other retailers could see a 30 percent price increase as importers of Brazil meat might gradually increase the price.

 

Wong said the suspension is a "shock" to the local catering sector as Brazil beef is commonly used in restaurants, adding they would have to find a replacement.

 

Wong estimates...

 

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https://www.thestandard.com.hk/section-news/section/11/233903/Beef-prices-to-jump-after-Brazil-'shock'