BRF down 4% on chicken exporters from Saudi Arabia by Investing.com

Investing.com – Earlier Tuesday, BRF (SA 🙂 shares fell sharply by 4.00% to 23% R $, 51, thus causing the losses of. Investors react negatively to news that Saudi Arabia, the largest importer of Brazilian chicken, is on the list of exporters.

Although this measure is also affected by the measure, the shares of JBS (SA 🙂 increase by 1.53

According to the Folha de S. Paulo website, there are currently 67 factories qualified to sell to the Arabs, but only 30 shipments were actually made. With the disqualification, the number drops to 25.

The report points out that among the approved refrigerators are units of BRF and JBS. Folha reported that people related to the sector suspected that this measure was the beginning of the economic obstacles created because of the intention to transfer the Brazilian Embbady to Tel Israel

China

The Ministry of Foreign Affairs of the People's Republic of China and the Ministry of Foreign Affairs of the Republic of Korea, China accepted a proposal submitted by Brazilian exporters of chicken meat for the purpose of ending to a dispute over anti-dumping, said Monday a lawyer involved in this case.

Claudia Marques, badociated with the commercial law of MPA, said: who represents the Brazilian exporters, said that China's decision to accept the offer had been communicated to the parties by the Ministry of Commerce by means of a report

. and set minimum prices for sales to China in exchange for the closure of a dumping investigation that began in August 2017 and would take effect until 18 February, she said, marking the end of the formal proceedings on the case.

* with Reuters