Minerva to resume exports to U.S.

According to a Reuters report, Minerva SA Chief Executive Fernando Galletti said last Tuesday, Nov. 28, that his company expects to resume fresh beef exports to the United States in the first quarter of 2018. Minerva is Brazil’s fourth-largest listed meat company by sales. The U.S. halted the import of fresh Brazilian beef in June after a high percentage of shipments failed to pass USDA safety checks. The USDA said the suspension would remain until Brazil’s Agriculture Ministry took corrective action. Speaking on the sidelines of a conference hosted by Minerva, Galletti told reporters his prediction was based on talks with the government. “This is the expectation we are hearing from the Agriculture Ministry,” he said, adding the company interacts with the government through a meatpackers industry group.