South American processor Minerva has reported a significant drop in cattle slaughtered for the third quarter of the year however overall exports to China have risen.
Japanese meat processor Nipponham Foods (NH Foods) has made its second move in South America through a multi-million dollar takeover of Breeders & Packers Uruguay (BPU).
South American meat exporters took advantage of favourable exchange rates to boost beef exports by 12% last year, according to analysts at Meat and Livestock Australia (MLA).
