Russia’s Crude Exports Shrug Off Halt to Key Pacific Grade
By Julian Lee (Bloomberg) — A temporary halt in shipments of Russia’s Sokol crude from Sakhalin Island on the Pacific Coast was offset by a surge in flows of ESPO from nearby Kozmino,...
By Ana Mano
SAO PAULO, April 20 (Reuters) – Brazil’s ABPA, a lobby group representing large pork and chicken processors like JBS SA and BRF SA, said on Wednesday its member companies are facing difficulties shipping products through the Port of Shanghai.
The statement, sent in response to a question from Reuters about the effects of the COVID lockdown in the Chinese city, said cargoes are being redirected to other ports, such as Yantian.
“There are no reports of suspension of sales,” the statement said, referring to rumors about potential contract cancellations. “At the same time, ABPA member companies hope that the situation in Shanghai will soon return to normal.”
Strict lockdown measures after a COVID-19 outbreak began in March, affecting 25 million Shanghai residents, hampering businesses and the circulation of goods.
After the lockdown was imposed, containers of frozen food began backing up at the port, with inspections for incoming meat halted.
Shanghai is the main point of entry for Brazilian meat imports to mainland China, which is Brazil’s top trade partner.
Last week, Reuters reported at least one shipping line operator had stopped sending Brazilian meat to Shanghai, instead offering clients the alternative of sending cargo to Xingang and Ningbo.
(Reporting by Ana ManoEditing by Bill Berkrot)(c) Copyright Thomson Reuters 2022.
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