Beef bonanza for Brazil as Chinese dine on more foreign steak

Sao Paulo

CHINESE consumers are eating more beef than the country can produce, and that has led to a sales bonanza for exporters in Brazil.

About a year after recovering from a mad cow disease scare, Brazil has supplanted Australia as the biggest seller of beef to China, where a production deficit is widening and imports are heading for a record. Brazil's ample supplies and low prices helped companies including JBS SA, Minerva SA and Marfrig Global Foods SA to boost exports to China by 65 per cent in the first half of the year.