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BRAZIL: Carrefour Apology Sparks Meat Supply Resumption

BRAZIL
BulletEM BulletEmerging Market News
  • "Brazilian Association of Beef Exporting Industry, known as Abiec, said in a statement that it received with satisfaction Carrefour CEO Alexandre Bompard’s apology and recognition of Brazilian production." (BBG)
  • "Meatpacker Masterboi said the company is resuming meat supply to Carrefour Brazil today" (BBG)
    • Headlines follow comments from Lower House Speaker Lira on Monday, who spoke out against the CEO of French retailer Carrefour, who vowed to keep South American meat off its shelves in France in solidarity with the nation’s farmers.
    • Brazil's government called the comments part of a wider push to undermine a pending trade deal, describing the pledge as part of an "orchestrated action" by French companies to sabotage the trade pact between the European Union and South American trade bloc Mercosur.
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  • "Brazilian Association of Beef Exporting Industry, known as Abiec, said in a statement that it received with satisfaction Carrefour CEO Alexandre Bompard’s apology and recognition of Brazilian production." (BBG)
  • "Meatpacker Masterboi said the company is resuming meat supply to Carrefour Brazil today" (BBG)
    • Headlines follow comments from Lower House Speaker Lira on Monday, who spoke out against the CEO of French retailer Carrefour, who vowed to keep South American meat off its shelves in France in solidarity with the nation’s farmers.
    • Brazil's government called the comments part of a wider push to undermine a pending trade deal, describing the pledge as part of an "orchestrated action" by French companies to sabotage the trade pact between the European Union and South American trade bloc Mercosur.