trending Market Intelligence /marketintelligence/en/news-insights/trending/ornapkchr2fybeqx_pkdgq2 content esgSubNav
In This List

Brazil's agriculture department halts BRF's poultry exports to EU

Blog

Using ESG Analysis to Support a Sustainable Future

Video

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Q&A: Streamlining Analytics for TCFD Reporting

Blog

Evergrande and the wider impact: a sentiment analytics based perspective


Brazil's agriculture department halts BRF's poultry exports to EU

Starting March 16, Brazil's agriculture department will "temporarily interrupt" the production and sanitary certification of BRF SA's poultry products slated to be exported to the European Union.

The food producer disclosed the Brazilian Ministry of Agriculture, Supply and Livestock's decision in a U.S. SEC filing.

The development comes as BRF faces a food safety probe, which reportedly resulted in some export markets closing their doors to Brazil and the arrest of former BRF CEO Pedro Faria. Faria and other company officials were allegedly aware that the company was evading food safety checks.

BRF said the agriculture department will meet with the EU's sanitary authorities next week to discuss the technical clarifications of the decision. It clarified that all products produced and exported before March 16 to the EU are still allowed for commercialization and consumption.

The company added that it has been submitting all necessary documents to local and international authorities to certify the quality and safety of its products.

BRF earlier denied that its decision to put more than 1,000 workers on leave was related to the ongoing food safety investigation. The company is expected to hold an extraordinary general meeting in April as some shareholders seek to replace BRF's entire board.