Content ID

332143

Asian demand for beef to remain strong as region's per-capita consumption still low -JBS

SAO PAULO, Aug 12 (Reuters) - JBS SA, the world's largest meatpacker, is bullish on the outlook for beef sales to Asian countries, mainly China, as per-capita beef consumption in the region remains low, Chief Executive Gilberto Tomazoni said on Friday during a call to discuss second-quarter earnings.

"The rise in beef imports is structural in Asia given the improvement in [consumers'] purchasing power," Tomazoni said.

JBS sells beef to Asian clients using multiple exporting plants located in countries like Brazil and the United States. (Reporting by Ana Mano; Editing by Mark Porter)

© Copyright Thomson Reuters 2022. Click For Restrictions - http://about.reuters.com/fulllegal.asp

Read more about
Loading...

Talk in Marketing