Brazilian meat suppliers stop deliveries to local Carrefour retailers, media say

By Ana Mano

SAO PAULO (Reuters) - Brazilian meatpackers have reportedly stopped supplying meat to the Carrefour (EPA:CARR ) group in Brazil after the retailer's global CEO vowed to keep South American meat off its shelves in France in solidarity with French farmers, according to local media reports that cited anonymous industry sources.

One of the reports said the interruption in meat supplies has already affected 150 stores of the retailer in Brazil, naming JBS and Marfrig among the companies which allegedly interrupted deliveries.

Carrefour dismissed the reports as "unfounded."

The French retailer told Reuters on Sunday that meat supplies are normal at its local stores, denying any shortages and calling the reports "misinformation."

Meat lobby ABPA, which represents large Brazilian pork and chicken processors, did not have an immediate comment.

JBS and Marfrig declined to comment.

Beef industry group Abiec did not confirm the interruption of supplies, referring to a previous statement last week in which it called Carrefour's plan to ban South American meat as "contradictory."

Abiec said Carrefour Brasil operates 1,200 stores in the country that sell mostly domestic beef.

Brazil's government also blasted Carrefour for the plan to ban South American meat. Brazilian Agriculture Minister Carlos Favaro called the pledge part of an "orchestrated action" by French companies to sabotage the trade pact between the European Union and Mercosur nations.



In a social media post addressed to leaders of France's farm lobbies, Carrefour's CEO Alexandre Bompard said the EU-Mercosur deal presented the "risk of meat production spilling over into the French market (and) failing to meet its requirements and standards."

"Carrefour's adoption of a protectionist stance in defense of French farmers undermines its own business and exposes the European market to shortage risks," Abiec said in reaction to Bompard's post.

Source: Investing.com

Publicații recente
Oklo target nearly doubled at Wedbush on AI-driven demand for nuclear energy
24.01.2025 - 18:00
Crypto markets lose steam after Trump's first policy move
24.01.2025 - 18:00
Combination of Google's TPU-DeepMind units may be worth $700 bn - DA Davidson
24.01.2025 - 18:00
British American Tobacco, Altria shares rise after menthol ban proposal dropped
24.01.2025 - 18:00
Morocco stocks higher at close of trade; Moroccan All Shares up 0.34%
24.01.2025 - 18:00
Commerzbank says no talks with UniCredit until specific proposal made
24.01.2025 - 18:00
Venture Global aims for $64 billion valuation at debut in test for energy IPOs
24.01.2025 - 18:00
Intuitive Machines stock surges on NASA contract award
24.01.2025 - 18:00
International Paper's $7.2 billion acquisition of DS Smith gets EU approval
24.01.2025 - 18:00
Short-term stock optimism soars among retail investors, AAII survey shows
24.01.2025 - 18:00
Venture Global shares likely to open up to 6% above IPO price
24.01.2025 - 18:00
Intuitive Surgical, American Express Stir Friday's Market Cap Stock Movers
24.01.2025 - 18:00
BMW joins Chinese EV makers in filing EU court challenge to tariffs
24.01.2025 - 18:00
Turkey stocks lower at close of trade; BIST 100 down 0.08%
24.01.2025 - 18:00
Diageo stock jumps on possible Guinness sale
24.01.2025 - 18:00

© Analytic DC. All Rights Reserved.

new
Analiza pieței Cum va afecta raportul NFP de mâine cursul de schimb al dolarului american?