Russia to resume beef imports
As the Russian government flushes the market with liquidity, local importers are re-starting trade.
Trade was aversely affected during September and October as stocks plunged and the US dollar appreciated. The result was a credit crunch that caused many Russian importers unable to continue current contracts.
The Brazilian Beef Exporters' Association expects that trade will resume to normal early in the New Year when all stocks are consumed and Russian ports recover from the freezing winter conditions.