JBS president claims that demand for beef in Asia should remain strong

JBS, the largest global meat company, is optimistic about the prospects for the demand of beef sales to Asia, mainly China, as per capita consumption of the product in the region remains low, said the company’s chief executive, Gilberto Tomazoni, on Friday, August 12.

“The growth in beef imports in Asia is structural since (consumer) spending power improved,” Tomazoni said during a conference call to review second-quarter results.

See below the track record of Brazilian meat exports (including beef, pork, and chicken) to China from January 2019 to June 2022. The chart below was developed with data collected by Datamar’s business intelligence team on the DataLiner platform.

Meat Exports to China | January 2021 – June 2022 | WTMT

Source: DataLiner (click here to request a demo)

JBS sells beef to Asian customers using several export plants in countries such as Brazil and the United States.

Source: Money Times

To read the full original article, please go to: https://www.moneytimes.com.br/demanda-asiatica-por-carne-bovina-deve-seguir-forte-avalia-presidente-da-jbs-jbss3/

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