What's New ? - 2019

What's New ? - 2019

Saudi Arabia suspends Brazil meatpackers

23 January, 2019

Saudi Arabia has revoked the export permits of 5 chicken plants in Brazil due to "technical" reasons, sending shares of top exporter BRF SA nearly 5 percent lower.
Saudi Arabia, Brazil's top buyer of fresh and processed chicken products, will maintain export permits for another 25 Brazilian chicken plants.
The move could be linked to the Brazilian government's intention to move Brazil's embassy in Israel from Tel Aviv to Jerusalem.
In 2018, Saudi Arabia was Brazil's top buyer of chicken fresh and processed products, an ABPA spokesman said.The Saudi's imported 433,500 tonnes of chicken products from Brazil, or about 11.8% of all sales. China was a close second, importing around 400,900 tonnes of fresh chicken and other chicken products, corresponding to 10.9 % of total sales.