China's decision to uphold a ban on meat imports from Brazil means US $ 450 million less for the coffers of President Jair Bolsonaro's administration, it was reported Wednesday. It was also good news for Uruguay.
China has temporarily suspended meat imports from two Brazilian companies, Brazil's agriculture ministry said late on Friday.
China has not approved any new Brazilian meat plants for export this year because of the coronavirus pandemic, an official at Brazil’s Agriculture Ministry said, adding that all approvals were on hold until the crisis eases.
Brazilian inflation kicked off the year on a soft footing, official figures showed, as the IPCA consumer price index posted its smallest January increase since the country’s “Real Plan” was launched more than a quarter of a century ago.
Brazilian beef' packer Marfrig Global Foods SA said it is in the process of hiring 400 people to work at its Promissão plant in the state of São Paulo as Chinese demand warrants an increase in meat production.
A trade deal between the European Union and South America’s Mercosur bloc of countries could facilitate other agreements and open up new markets for Brazil’s massive beef-packing industry, a trade group said.
Brazil does not face any risks of countries instituting new bans on Brazilian meat imports after the latest phase of the “Weak Flesh” investigation into companies accused of committing fraud to avoid safety checks, Agriculture Minister Blairo Maggi said on Wednesday.
Brazilian police arrested the former chief executive of major food processor BRF SA on charges that he and other executives knew the company, the world’s largest poultry exporter, engaged in fraud to evade food safety checks. Shares in BRF plunged 19% on the Sao Paulo stock exchange as the arrest compounded concerns about BRF’s leadership following a 1.1 billion Reais loss last year.
Brazil’s government has won a court decision allowing the export of live cattle, overturning an injunction obtained by an animal rights group, the Agriculture Ministry said on Monday.