Brasil Foods may benefit from China's anti-dumping chicken tariffs

China has recently announced anti-dumping tariffs levied on US poultry imports, a move that will likely benefit Brasil Foods' presence in the Chinese market.

As a result of this, Brasil Foods SA was initiated with a ''hold'' recommendation at Deutsche Bank AG.

Brasil Foods may add BRL342 million (US$183 million) of sales if it captures 35% of import volumes lost to the US, according to Deutsche Bank analyst Jose Yordan. The amount represents about 1.5% of projected 2010 sales.