Business

China seeks to negotiate discount prices in Brazilian beef

Chinese beef importers are seeking to renegotiate prices previously agreed when they closed deals to buy dozens of shipments from Brazil. Some of them are refusing to pay for shipments that already arrived in China. Brazilian beef exports to China increased more than 50% last year helping beef prices in Brazil to reach an all-time high. Some Brazilian beef exporters are now trying to divert cargoes that have not yet reached China to other potential destinations, such as Iran.

Source: Folha de S.Paulo

Categories: Business, Geopolitics, Industry

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