Russia suspends some beef imports from Brazil
Russia has suspended beef imports from some meat processing plants in Brazil, the world's top beef producer JBS said Wednesday, adding that some of its factories were included in the freeze.
JBS said it did not know why Russia implemented its beef ban, which included four of the firm's processing plants in Brazil, one in Argentina and one in the United States.
The company said it would continue supplying its Russian clients with meat products from its other processing plants around the world, which number around 140.
"JBS estimates the financial impact of the measures taken by Russian authorities tend to be of little relevance to the company," it added.
This is the second Russian ban of Brazilian beef since May of this year.
With 190 million head of cattle, Brazil has been the world's leading exporter of beef and meat products since 2004. Russia is its top market, buying 455 million dollars' worth in the first six months of 2010.
During the global economic downturn last year, Brazilian beef experts reached 1.9 million tons, or 4.12 billion dollars.
This year, the country's association of beef exporters, Abiec, estimates exports will return to pre-crisis levels and surpass five billion dollars.
© 2010 AFP