China has become the world’s biggest importer of beef, and Brazil is China’s biggest supplier. PMI Foods has been a major beneficiary of the beef trade between Brazil and China.
As incomes in China have grown in the last decade, so has China’s appetite for beef. No longer out of reach for China’s middle class, beef now sizzles in home woks and restaurant kitchens.
China has become the world’s biggest importer of beef, and Brazil is China’s biggest supplier, according to United Nations Comtrade data. More beef moves from Brazil to China than between any other two countries.
But the Brazilian cattle industry is a major driver of the destruction of the Amazon rainforest. Data analysis by The Associated Press and the Rainforest Investigations Network, a nonprofit reporting consortium, found that a little-known American company is among the key suppliers and distributors feeding China’s hunger for beef – and the Amazon deforestation that it fuels.
The world’s largest rainforest, the Amazon plays a critical role in the global climate by absorbing carbon emissions. A new study published this week in the journal of the National Academy of Sciences linked Amazon deforestation to warmer regional temperatures.
Salt Lake City-based Parker-Migliorini International, better known as PMI Foods, has been a major beneficiary of the beef trade between Brazil and China. PMI has shipped more than $1.7 billion in Brazilian beef over the last decade – more than 95% of it to China, according to data from Panjiva, a company that uses customs records to track international trade. Over the last decade, Chinese beef imports have surged sixfold, U.N. Comtrade data shows, and PMI has helped satisfy China’s growing demand.
As a middleman that has been one of the leading importers of Brazilian beef to China, PMI provides a window into how that growing international trade is driving deforestation.
Original source: https://apnews.com