On Monday, Brazil’s Ministry of Agriculture was hopeful to restart exports of Beef to US in the very near future. The Ministry will meet with the U.S. this week about finalizing an action plan for testing meat shipments. Upon acceptance, processed beef shipments could quickly restart according to Brazil’s secretary of agricultural defense department Francisco Jardim.
Brazil voluntarily suspended beef exports to the U.S. in May after authorities rejected a shipment of beef from Brazil’s JBS SA – the world’s largest beef producer. The U.S.’s standards for clean safe beef would not allow the high residue of Ivermectin beef enter the U.S. markets. Brazil’s Agriculture Ministry immediately set out to review health standards and find a common ground to meet U.S. standards.
Some $50 million in lost processed beef exports is the result of the suspension according to Otavio Cancado, president of Brazil’s beef export association.Brazil is the world’s No. 1 esporter of beef and about 6% of export sales go to the U.S.