Futures higher amid U.S.-China trade talks progress - what’s moving markets
Investing.com -- The European Union will lift its ban on Brazilian chicken meat imports starting Tuesday, following restrictions imposed in May due to a bird flu outbreak in Rio Grande do Sul state, Brazil’s agriculture ministry announced Monday.
The EU’s resumption plan will be implemented in phases. All Brazilian regions except Rio Grande do Sul can immediately resume exports, while most areas within that state will be permitted to ship chicken meat beginning October 2.
In a parallel development, China has initiated an audit of Brazil’s sanitary control measures, representing a crucial step toward potentially removing its own import restrictions. China remains the only major importing nation still maintaining a ban on Brazilian chicken meat following the outbreak.
The bird flu outbreak in Rio Grande do Sul prompted several of Brazil’s trading partners to impose temporary restrictions on poultry imports from the country earlier this year.
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