Brazilian beef exporters are reporting limited disruption from the conflict in Iran, even as the near-closure of the Strait of Hormuz forces some rerouting and higher logistics costs, Reuters reported.

Industry group Abrafrigo said Brazil, the world’s largest beef exporter, has redirected shipments to markets including the US, the European Union, Chile, and Russia. Tighter global cattle supplies are supporting demand, cushioning the sector from Middle East instability.

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