Egypt Suspends Permits for New Imports of Brazilian Meat
Egyptian authorities has just suspended permits for new imports of meat from Brazil after concerns of tainted meat. Egypt is the second largest market for Brazil’s meat after China, according to Bloomberg.
The Ministry of Agriculture’s spokesperson stated that “Egypt is tightening inspection rules at ports and is holding off on issuing new import permits until Brazil’s investigation results into something.”
On the other hand, the meat producers’ division at the Federation of Egyptian Industries (FEI) refused the ban as it might result in increasing of the meat prices, causing a huge problem; especially with Ramadan approaching.
WE SAID THIS: Saudi Arabia, China, EU, Chile, and Japan have all suspended their imports or started restricting their purchases from Brazil because of these concerns.