Brazilian beef to benefit as Russian import ban unlikely to hurt markets

Russian import bans are unlikely to have a large impact on world beef markets with Brazil’s industry likely to be the largest beneficiary.

That’s according to Rabobank’s Beef Quarterly Q3 which also reports the European Union market is expected to remain under pressure and at best stabilise.

It predicts that the seasonal increase in demand is unlikely to result in higher prices in the EU given the increasing competition with lower pork and poultry prices.