Delayed shipments of stewed steak from Brazil have meant the cancellation of some retail promotions but this week's news that Brazil was raising prices by 16% has caused some concern. Sources in Sao Paulo say that the worldwide demand for Brazilian forequarter beef has trebled, causing serious problems for the processors who are having to pay inflated prices to the farmers. Other canned meats have been fairly steady this week, following major price increases implemented since the beginning of the year. Some sort of normality has returned to the pigmeat sector, after the turmoil of certification introduced by Holland and Ireland due to the foot and mouth epidemic. Further price rises are expected but importers hope to delay them by using existing contracts which have been extended due to shipment delays. As corned beef settled at the higher levels announced recently, traders have concentrated on ensuring stock levels are adequate to meet increased demand as and when the weather improves. Post Easter usually sees an increase in promotional activity on both retail and slicing meats. {{M/E CANNED GOODS }}

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