Argentine meat producers will intensify talks with the government aimed at lifting the one-month suspension of beef exports that was declared in mid-May, the country’s Agroindustrial Council (CAA) said in a statement.
The White House said Brazil’s JBS SA has informed the U.S. government that a ransomware attack that disrupted meat production in North America and Australia originated from an organization likely based in Russia.
Argentina said on Monday it had temporarily shut down 12 beef exporters over “irregular” operations and had seized over 220 tonnes of meat as tensions over the government’s meat export ban deepen.
Beef prices are surging worldwide, taking meat off the menu in steak-loving Buenos Aires and spoiling summer barbecues in the United States as Chinese imports rise and the cost of feeding cattle soars.
Brazilian securities regulator CVM accused Marcos Molina, the chief executive of Brazilian meatpacker Marfrig Global Foods SA, of the “misuse of privileged information” involving Marfrig shares before a filing in 2018.
Dry weather and poorly timed planting are weighing on Brazil’s second corn crop this year, reviving fears of another surge in feed prices like the one that battered big meatpackers after a 2016 drought.
Global commodity prices are expected to stay firm around current levels in 2021 after recovering in the first quarter buoyed by strong economic growth, the World Bank said on Tuesday.
New Zealand says it will stop the export of livestock by sea following a transition period of up to two years, citing animal welfare concerns, which will affect major trading partners including Australia and China.
China imported 1.02 million metric tons of meat in March, customs data showed on Tuesday, the highest monthly volume since at least January 2020, as the world’s biggest meat buyer stocked up to fill shortages at home.
Argentina said on Monday it had suspended 15 meat exporters for dodging industry regulations, derailing at least 40 tonnes of shipments from one of the world’s best-known beef producers.
