Maersk Line is making the most of its recent investments in new refrigerated containers by ramping up its reefer exports from Brazil to the Far East
Since early last year, the Brazilian real has weakened making its exports much cheaper for countries like China, which is importing vast quantities of foodstuffs from Brazil. This year, the real has been trading at between 3.3 and 4 to the US dollar, compared to 1.6 in 2010.
“Right now, China remains Brazil’s strongest trade partner, and whilst there has been relative weakness in terms of imports, the potential for exports in the refrigerated goods trade, in particular beef, is huge,” said Antonio Dominguez,
MD for Maersk Line’s East Coast South America Cluster, which includes Brazil, Paraguay, Uruguay and Argentina.
China ended a three-year ban on Brazilian beef in May of 2015, and its imports have grown ever since. Using Datamar statistics, Maersk reports that in the 12-month period from 15 September 2015 to 16 August 2016, 12,000 TEU of beef was imported into China from Brazil (up 40%), and another 14,000 TEU went to Hong Kong, with much of that ending up in some of the southern Chinese provinces. During that same period, China imported 33,500 TEU of poultry,
and Hong Kong unloaded 20,000 TEU of the white meat.
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This complete item is approximately 2000 words in length, and appeared in the November 2016 issue of WorldCargo News, on page 17. To access this issue download the PDF here.
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