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.1 comment
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.