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Two BRF poultry plants in Brazil suspended from exporting to Saudi Arabia

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Christian Fernsby ▼ | February 18, 2020
Two plants in Brazil’s Paraná state operated by food processor BRF SA have been suspended from exporting poultry to Saudi Arabia, dealing a blow to the company’s business activities in an important export market.
BRF poultry plant
Food from Brazil   BRF poultry plant
The Saudis blamed alleged irregularities in feed production disclosed by a Brazilian criminal probe conducted between 2014 and 2018 as the reason for imposing the restrictions, BRF said in a securities filing yesterday.

Topics: BRF poultry plant Brazil export Saudi Arabia

One of the plants targeted by the temporary ban was not selling anything to Saudi Arabia. The other, located in the municipality of Dois Vizinhos, was exporting about 6,000 tonnes a month to the country, the filing said.

Credit Suisse analysts said yesterday, however, that the financial impact of the Saudi move was more significant than restrictions imposed in October on products from BRF’s Abu Dhabi plant because of an audit.


 

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