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Stock impact report

Brazil in Talks to Gain Chinese Approval for More Meat Plants [Yahoo! Finance]

BRF S.A. (BRFS) 
Last brf s.a. earnings: 11/11 04:01 pm Check Earnings Report
US:NYSE Investor Relations: ir.brf-global.com
Company Research Source: Yahoo! Finance
(Bloomberg) -- Brazil is in talks to gain Chinese approval for more meat plants to export to the Asian nation, according to Agriculture Minister Carlos Favaro. Most Read from Bloomberg Negotiations are currently under way to obtain clearance for another 10 to 15 beef, chicken and pork facilities, Favaro said in an interview at Bloomberg New Economy at B20 in Sao Paulo on Tuesday. An announcement could come as early as next month, during the Group of 20 meeting in Brazil, he said. The talks come just as Favaro said Brazil should join China's Belt and Road Initiative to counter protectionist measures from the US and European Union. The idea has divided President Luiz Inacio Lula da Silva's government as it seeks to attract new investment to Latin America's largest economy. China is the biggest market for Brazilian beef, chicken and pork, and having more plants approved for export would be a boon for the likes of JBS SA, the top meat supplier, and its rivals Minerva SA, Marfrig Show less Read more
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