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Brazil to Fight Deforestation With New Cattle-Tracking System [Yahoo! Finance]

JBS S A S/ADR (JBSAY) 
NASDAQ:AMEX Investor Relations: jbss.infoinvest.com.br/?idioma=enu
Company Research Source: Yahoo! Finance
Most Read from Bloomberg The government is working with the private sector to launch a data platform that will allow meat packers to fully trace their supplies starting in 2027, Agriculture Minister Carlos Fávaro said in an interview at Bloomberg New Economy at B20 in Sao Paulo on Tuesday. That will allow Brazilian beef to be completely traceable by 2032, he said. Beef production in Brazil has often been associated with degradation of the Amazon, and the new system promises to be the most-significant response to growing international requirements. While companies including JBS SA, Marfrig SA and Minerva SA say they have advanced in monitoring direct suppliers, a government-backed program would allow a more robust tracing of indirect suppliers as well. “We are not running away from our responsibility,” Fávaro said. “It's legitimate that people want to know the origin and how the animal that was slaughtered was reared for the consumer to buy, and here we have a plan.” The move Show less Read more
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