China's Weak Beef Market Poses Risks for Chief Supplier Brazil [Yahoo! Finance]
MINERVA SA S/ADR (MRVSY)
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Source: Yahoo! Finance
(Bloomberg) -- China's beef imports are dwindling amid slowing consumption and ample domestic supply, dealing a blow to its biggest supplier Brazil. Most Read from Bloomberg Beyond the Ivies: Surprise Winners in the List of Colleges With the Highest ROI China Tells Iran Cooperation Will Last After Attack on Israel Iran's Attack on Israel Sparks Race to Avert a Full-Blown War S&P 500 Futures Steady After Selloff Rattles Globe: Markets Wrap Microsoft Invests $1.5 Billion in UAE's G42 in Pivot From China Official data show the value of China beef imports fell last year for the first time since at least 2016, with prices plunging to the lowest level in almost three years. Import volumes are seen dropping 4% this year, ending 12 straight years of meteoric rise, according to the US Department of Agriculture. The predicament highlights the risks in relying heavily on a single customer: China was the destination for more than 52% of the South American country's beef sales las
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News
- China's Weak Beef Market Poses Risks for Chief Supplier Brazil [BNN Bloomberg (Canada)]BNN Bloomberg
- MINERVA FOODS RECORDS EBITDA OF R$ 2,6 BILLION IN 2023 [Yahoo! Finance]Yahoo! Finance
- MINERVA FOODS RECORDS EBITDA OF R$ 2,6 BILLION IN 2023PR Newswire
- MINERVA FOODS RECORDS EBITDA OF R$ 2,6 BILLION IN 2023PR Newswire