China sets anti-dumping deposit for Brazilian poultry imports
Chinese poultry importers are now forced to make a deposit ranging from 18.8 percent to 38.4 percent if they are buying Brazilian products, the Ministry of Commerce said in a statement. The measure includes product supplied by top exporters JBS and BRF and has been enforced from June 9.
Brazil has covered 50% of poultry imports between 2013-2016 and Beijing officials noted that the selling prices and profits fort the domestic producers decreased in that period, informs Nasdaq.com.
The deposits requested could be another blow to the Brazilian poultry industry as this segment has been already hit by a scandal regarding the quality of the meat and a strike in transport that generated significant losses for the producers.
Meantime, during the negotiations between China and USA, Washington tried to regain access to the Chinese poultry market. China is the second largest market for poultry in the world.
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