JBS faces fewer disruptions as China cuts import restrictions

Ags - Meat/Dairy 220 Brazil 355 China 2729 Consumer Staples 668 Coronavirus 472

Food supply chains, particularly for meat, have been disrupted by tighter sanitary standards, a shortage of transportation capacity and uncertain demand patterns during the pandemic. At least one challenge has been alleviated as the Chinese government has relaxed packaging related restrictions on imports of meat from three plants owned by JBS and Aurora. China including Hong Kong had represented 65.1% of JBS’s Brazilian meat exports in the 12 months to Nov. 30 with exports that were unchanged in the three months to Nov. 30 compared to total exports by the firm that dropped by 6.0%. Brazi...

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