Blog Post

Meatpackers shares jump as China resumes Brazil beef imports

By Tatiana Freitas

China will restart beef imports from Brazil, the world’s biggest exporter, a month after the trade was halted over a case of mad cow disease. Shares on Brazilian meatpackers jumped.

The Asian nation has agreed to resume purchases of Brazilian beef from Thursday, sending shares on JBS SA, the world’s largest beef producer, up as much as 4.6%, the most in a week. Minerva SA soared as much as 6.7%, also the most in a week, while Marfrig Global Foods gained 3.4%.

Brazil is the top beef supplier to China, which is also the main destination for Brazilian beef exports,…

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