JBS and Marfrig Set to Pay the Price for Bolsonaro’s Israel Policy — Panjiva


JBS and Marfrig Set to Pay the Price for Bolsonaro’s Israel Policy

Ags - Meat/Dairy 138 Brazil 260 Cons. Staples - Food/Beverages 395 Iran 18 Saudi Arabia 29 UAE 13

The incoming government of President-elect Jair Bolsonaro may shift Brazil’s Israeli embassy to Jerusalem from Tel Aviv. Press reports suggest that could lead to worse relations with other Middle East states and jeopardize Brazilian exports of halal beef. Brazil’s beef exports to the four largest Middle East buyers (Egypt, Iran, Saudi Arabia and the UAE) represented 373k tons, or 28.3% of total exports in the 12 months to Sept. 30. They had already been in decline with a 3.3% drop in the third quarter on a year earlier as suppliers prioritized shipments to China. The leading ...

PANJIVA RESEARCH is a service provided by Panjiva, Inc. ("Panjiva") to relevant global subscribers, and are deemed to be Panjiva "Services" subject to the Panjiva Terms & Conditions of Use. Information contained within or made available via the Services is for informational purposes only and nothing in the Services shall constitute or be construed as an offering of financial instruments, or as investment advice or recommendations by Panjiva, Inc. or its affiliates of an investment strategy or whether to "buy", "sell" or "hold" an investment. The Services may include views and commentary about customers of Panjiva. No aspect of the Services is based on consideration of your individual circumstances, and you should determine on your own whether you agree with the information contained within or made available via the Services. Employees involved in Panjiva Research may hold positions in securities analyzed or discussed in the Services. Panjiva does not make any express or implied warranties, representations, endorsements or conditions with respect to the Services and the information contained within or made available via the Services, including without limitation, warranties as to the usefulness, completeness, accuracy, currentness, reliability or sufficiency of any information (including, without limitation, conclusions, statements, opinions, estimates, forecasts or projections of any kind) and expressly disclaims any implied warranties. Neither this disclaimer nor any of its contents may be forwarded or redistributed without the prior written consent of Panjiva. © 2019 Panjiva, Inc. All Rights Reserved.