What China’s U-turn on Brazilian beef tells us about global supplies

Prices on the ground have solidified to some degree, at around €5.25/kg for bullocks and €5.30/kg for heifers

Biggest exporter: Cattle on their way to slaughter in Brazil. Photo: Getty

Martin Coughlan

To me, China’s decision to rescind its embargo on Brazilian beef imports indicates how precarious world supplies of beef are.