Brazil Looks to Maintain Russia Beef Sales Gained by Putin Ban

Brazil Looks to Maintain Russia Beef Sales Gained by Putin Ban

Brazil, the world’s biggest meat exporter, is working on preserving its increased market share in Russia, according to newly appointed Agriculture Minister Katia Abreu.

Russian demand for Brazilian beef soared when President Vladimir Putin’s government placed embargoes on U.S. and European products in response to sanctions during the Ukraine conflict. While Russian procedures may have been loosened in times of need, Abreu said she’s creating a task force to make sure Brazil’s products are ready for tougher standards when Russia’s market opens back up.

“We want all of our sanitation and crop approval to meet Russian standards so we can establish, consolidate and expand this market,” Abreu said in a meeting with foreign correspondents in Brasilia Thursday.

Russia is now Brazil’s fourth-biggest destination of exports, from sixth before the embargoes. Abreu, who took over as minister earlier this month, said working on trade agreements and expanding exports to Russia, China and the European Union are among her priorities.

Russia is a “gigantic market” for Brazil, not just for beef, but also for fruits, corn and soy, she said.

“We don’t want to just be an occasional market for Russia because of a specific difficulty, we want to establish our place in the market with Russia, attending to all the protocols and product certification required,” Abreu said.

 

To contact the reporter on this story: Anna Edgerton in Brasilia at aedgerton@bloomberg.net To contact the editors responsible for this story: Andre Soliani at asoliani@bloomberg.net; James Attwood at jattwood3@bloomberg.net James Attwood, Harry Maurer

 

 

Latest News

Markets: Cash Cattle Rebound, Futures Notch Four-Week High
Markets: Cash Cattle Rebound, Futures Notch Four-Week High

After a mostly sluggish April, market-ready fed cattle saw a solid rally in the North and steady money in the South. Futures markets began to look past the psychologically bearish H5N1 virus news.

APHIS To Require Electronic Animal ID for Certain Cattle and Bison
APHIS To Require Electronic Animal ID for Certain Cattle and Bison

APHIS issued its final rule on animal ID that has been in place since 2013, switching from solely visual tags to tags that are both electronically and visually readable for certain classes of cattle moving interstate.

How Do Wind, Solar, Renewable Energy Effect Land Values?
How Do Wind, Solar, Renewable Energy Effect Land Values?

“If we step back and look at what that means for farmland, we're taking our energy production system from highly centralized production facilities and we have to distribute it,” says David Muth.

Ranchers Concerned Over Six Confirmed Wolf Kills in Colorado
Ranchers Concerned Over Six Confirmed Wolf Kills in Colorado

Six wolf depredations of cattle have been confirmed in Colorado from reintroduced wolves.

Profit Tracker: Packer Losses Mount; Pork Margins Solid
Profit Tracker: Packer Losses Mount; Pork Margins Solid

Cattle and hog feeders find dramatically lower feed costs compared to last year with higher live anumal sales prices. Beef packers continue to struggle with negative margins.

Applying the Soil Health Principles to Fit Your Operation
Applying the Soil Health Principles to Fit Your Operation

What’s your context? One of the 6 soil health principles we discuss in this week’s episode is knowing your context. What’s yours? What is your goal? What’s the reason you run cattle?