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Financial News: BRAZIL: Poultry Meat Output To Grow Less Than

BRAZIL: Poultry Meat Output To Grow Less Than Expected In 2017

07/11/2017 - 21:33:00 (RTTNews)

(RTTNews) - Poultry meat production and exports in Brazil will grow 1% or less this year, down from a previous estimate of a 3% to 4% expansion, according to the Brazilian Association of Animal Protein (ABPA).

The new estimates reflect a worse than expected performance in the first half of the year and the negative impact of an investigation earlier this year which uncovered that local meatpackers bribed food inspection agents to receive sanitation certificates.

JBS and BRF, two Brazilian food companies with a global footprint, were involved in the scheme, according to the local police. Several countries temporarily blocked Brazilian meat imports in late March because of the scandal.

ABPA said that the European Union is blocking imports from nine out of Brazil's 54 chicken-producing units qualified to export to the region, because of sanitation and bureaucratic issues.

According to ABPA's chief executive officer, Francisco Turra, the association and the Brazilian government are committed to helping factories regain their foreign markets access.

In May, the EU promoted audits in Brazil and notified a few meat-producing units. ABPA said that nine plants received 83% of the notifications, but since then five of them have no further problems.

ABPA also said that Brazil's pork production would grow between 1.5% and 2% this year, while exports are expected to rise by around 1%.

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