Agriculture Minister Maggi says U.S.-China trade war bad for Brazil
Brazilian Agriculture Minister Blairo Maggi said the U.S.-China trade dispute was "very detrimental" to the business interests of the country, a large exporter of commodities like meat and soybeans.
Speaking before a congressional hearing on Tuesday, Maggi said the escalation of the trade war could raise local soybean prices but have a negative impact on animal protein producers. For example, higher feed prices could affect chicken processors, with the risk of Brazil losing share in export markets.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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