Home Agribusiness Brazil’s Minerva says Russia has temporarily suspended beef imports from Brazil

Brazil’s Minerva says Russia has temporarily suspended beef imports from Brazil

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Brazilian beef processor Minerva SA said on Tuesday that Russian veterinary and phytosanitary inspection service (Rosselkhoznadzor) have temporarily suspended bovine meat imports from Brazil, a measure “not yet confirmed by the Brazilian Ministry of Agriculture,” the company said in a statement to the market.

In a statement, Minerva said Brazilian beef will be redirected to other markets, while Russian demand will be met by Minerva units in Paraguay, Argentina, and Uruguay. According to company statistics, Russia received 6.6 percent of Minerva’s beef exports in the 12 months to end-September.

“Thanks to the current geographic diversification of Minerva in South America, Brazilian exports to Russia will be replaced to other destinations and Russian demand will be redirected to the units in Paraguay, Uruguay and Argentina, in order to nullify the effect of this suspension” , the company said in the statement.