Brazilian meat packers lose up to $25 million a day after suspending sales to China over mad cow fears
SAO PAULO, March 15 (Reuters) – Brazilian beef packers are losing $20 million to $25 million a business day after a self-imposed trade ban halted sales to China, agribusiness consultancy Datagro Pecuaria said.
The estimate is based on current beef export prices, which range between $4,800 and $5,000 per ton, according to data sent to Reuters on Wednesday. Brazil voluntarily suspended beef sales to China on February 23 after reporting a case of bovine spongiform encephalopathy (BSE), known as mad cow disease, in compliance with health protocols.
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