22/3/2017 – Meat scandal in Brazil

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For a number of years, various meat-processing plants in Brazil had been repackaging expired meat and selling it as if it were still fit for consumption. Although the companies involved are responsible for “only” one percent of total annual exports, numerous countries have imposed a ban on imports of Brazilian meat. The meat scandal could turn out to be a major opportunity for producers in Argentina, Paraguay and Uruguay. If Brussels should decide to prohibit the entry of Brazilian meat products, this would directly benefit the other three large beef exporters in the region. According to figures from the European Commission, in 2015 the EU imported almost 360 million euros worth of meat from Argentina, 210 million from Uruguay and 11 million from Paraguay. Within the EU, the biggest buyers were Germany, the Netherlands, Italy and the United Kingdom.