China's decision to renew US beef import licenses has raised concerns among Brazilian exporters, potentially altering market competition. Brazil is China's largest beef market.

Brazil’s government expressed concern over China’s renewal of US beef import licences, warning the move could reshape competition in the country’s largest meat export market. A senior Brazilian government official told the South China Morning Post that the renewal brought “anxiety” to the sector and could affect domestic cattle prices. China is Brazil’s largest beef market, and the quota system already reduces the country’s competitiveness, the official said. The comments came after Bloomberg...