SCANDAL ROILS BRAZIL MEAT SECTOR; CHINA, SOUTH KOREA SUSPEND IMPORTS

ON THE STREETS OF RIO DE JANEIRO, BRAZIL'S SECOND-LARGEST CITY, THE SCANDAL LEFT MANY CONSUMERS IN DOUBT.

THE SCANDAL COULD BE ENOUGH TO COMPROMISE TEMPORARILY BRAZILIAN PROTEIN'S ACCEPTANCE WORLDWIDE, CREDIT SUISSE SECURITIES ANALYST VICTOR SARAGIOTTO WROTE IN A MONDAY NOTE TO CLIENTS.

The European Commission said it would monitor meat imports from Brazil and deny any companies involved in a meat scandal there access to the European Union market, a spokesman said.
To minimize the scandal, President Michel Temer said the probe involved only 21 of Brazil's more than 4,800 meat processing units.
The scandal "could be enough to compromise temporarily Brazilian protein's acceptance worldwide", Credit Suisse Securities analyst Victor Saragiotto wrote in a Monday note to clients.

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Article ID: 144415 Date: 20th March, 2017 Social: 1369 Meta: Incomplete Last Checked: Never

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