IBOV 176,564.75 ▲ 0.70% IPSA 10,880.04 ▼ 0.77% IPC MEX 67,183.26 ▲ 1.20% MERVAL 3,256,362 ▼ 1.48% COLCAP 2,301.24 ▲ 0.80% BVL PERÚ 57,237.60 — — USD/BRL5.13▲ 0.16% USD/MXN17.42▼ 0.15% USD/CLP930.78▼ 0.97% USD/COP3,207▼ 0.29% USD/PEN3.40▼ 0.01% USD/ARS1,499▲ 0.15% USD/UYU40.20▲ 1.42% USD/PYG6,020▲ 1.46% USD/BOB11.30▲ 3.36% USD/DOP57.82▲ 0.47% USD/CRC449.99▲ 1.60% USD/GTQ7.62▲ 2.22% USD/HNL26.76▲ 1.54% USD/NIO36.62▲ 0.69% USD/VES740.95▼ 0.05% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.27▲ 0.12% USD/TTD6.75▲ 1.25% EUR/BRL5.84▲ 0.93% BRENT 83.76 ▼ 5.21% WTI 79.13 ▼ 4.21% IRON ORE 161.91 — — COPPER 6.34 ▼ 0.05% GOLD 4,029 ▼ 1.12% SILVER 57.34 ▼ 1.94% SOY 1,220 ▲ 0.93% CORN 481.00 ▲ 6.47% WHEAT 664.75 ▲ 0.72% COFFEE 340.50 ▲ 4.91% SUGAR 14.56 ▼ 0.14% ORANGE JUICE 136.30 ▼ 3.64% COTTON 81.08 ▲ 2.19% COCOA 5,206 ▲ 2.08% BEEF 221.78 ▼ 1.53% CATTLE 336.85 ▼ 0.41% LITHIUM 66.96 ▼ 2.43% PETR4 41.21 ▲ 0.49% VALE3 75.69 — 0.00% BBDC4 18.77 ▲ 0.32% ABEV3 16.10 ▲ 1.51% BBAS3 20.83 ▲ 1.61% B3SA3 16.00 ▲ 1.78% WEGE3 46.70 ▲ 0.65% PRIO3 56.77 ▲ 1.90% SUZB3 43.10 ▲ 2.94% RENT3 38.37 ▲ 1.72% AZZA3 17.15 ▲ 0.23% CSAN3 4.00 ▲ 1.27% RAIZ4 0.27 ▲ 3.85% PCAR3 2.74 — 0.00% GMAT3 3.92 ▲ 2.35% PSSA3 54.91 ▲ 1.14% CVCB3 1.32 ▼ 2.94% POSI3 3.60 ▲ 2.27% SLCE3 13.16 ▼ 1.64% NATU3 8.34 ▼ 1.77% BRKM5 5.96 ▼ 1.97% RANI3 8.13 ▲ 2.52% CSNA3 5.64 ▼ 1.23% CMIN3 5.96 ▲ 2.76% USIM5 8.69 ▲ 0.93% GGBR4 25.14 ▲ 2.70% ENEV3 25.85 ▲ 1.49% CPFE3 45.96 ▲ 2.70% CMIG4 11.19 ▲ 0.18% EQTL3 38.83 ▲ 0.08% LREN3 13.90 ▲ 1.24% VIVT3 33.83 ▼ 6.31% RAIL3 14.08 ▲ 2.03% KLABIN 18.04 ▲ 2.04% RAIA DROGASIL 18.20 ▲ 0.17% RDOR3 34.32 ▲ 2.14% HAPV3 10.60 ▲ 4.02% FLRY3 17.06 ▲ 3.21% SMTO3 14.30 ▼ 2.52% UGPA3 32.45 ▲ 1.12% VBBR3 35.13 ▲ 1.83% BBSE3 41.21 ▲ 1.65% BPAC11 55.84 ▲ 0.52% CURY3 30.10 ▼ 0.95% AERI3 2.09 ▲ 1.95% VIVARA 22.61 ▲ 2.73% COMPASS 25.22 ▼ 0.32% VAMOS 3.33 ▲ 5.05% SANB11 27.67 ▲ 1.13% ASAI3 8.24 ▲ 1.60% SBSP3 28.27 ▼ 2.08% WALMEX 48.74 ▲ 0.70% GMEXICO 209.28 ▼ 0.11% FEMSA 222.17 ▼ 3.83% CEMEX 20.99 ▼ 1.78% GFNORTE 199.12 ▲ 1.37% BIMBO 59.50 ▲ 0.66% TELEVISA 9.86 ▼ 0.20% AMX 22.48 ▲ 0.09% GAP 379.13 ▲ 0.93% ASUR 271.18 ▲ 0.97% OMA 235.27 ▲ 2.85% KOF 189.82 ▲ 0.07% GRUMA 268.00 ▼ 0.20% KIMBER 40.61 ▲ 1.78% SQM-B 62,500 ▼ 3.33% COPEC 6,300 ▲ 0.82% BSANTANDER 79.12 ▼ 2.04% FALABELLA 6,101 ▼ 0.88% ENELAM 85.80 ▼ 0.10% CENCOSUD 1,900 ▼ 0.78% CMPC 1,035 ▼ 0.43% BANCO CHILE 189.10 ▼ 2.15% LATAM AIR 25.00 ▲ 1.63% YPF 79,525 ▼ 2.09% GGAL 7,855 ▼ 1.32% PAMPA 5,450 ▼ 0.46% TXAR 669.00 ▼ 0.74% ALUAR 988.00 ▲ 0.36% TGS 9,465 ▼ 2.52% CEPU 2,335 ▼ 2.01% MIRGOR 16,525 ▼ 1.78% COME 42.52 ▲ 0.14% LOMA NEGRA 3,645 ▼ 1.69% BYMA 302.75 — 0.00% TELECOM ARG 4,335 ▼ 3.45% ECOPETROL 15.83 ▲ 0.19% BANCOLOMBIA 89.07 ▲ 1.30% GRUPO AVAL 4.93 ▲ 2.28% CREDICORP 389.39 ▼ 0.41% SOUTHERN COPPER 178.96 ▼ 0.20% BUENAVENTURA 30.35 ▼ 4.32% MERCADOLIBRE 1,863 ▲ 2.35% NUBANK 14.68 ▲ 1.03% XP 16.80 ▲ 0.36% PAGSEGURO 9.61 ▲ 2.45% STONE 11.16 ▲ 2.48% GLOBANT 35.11 ▲ 7.57% TECNOGLASS 47.22 ▲ 4.05% GAP AIRPORT 217.50 ▲ 0.57% ASUR 271.18 ▲ 0.97% OMA AIRPORT 108.27 ▲ 3.31% AMX ADR 25.73 ▲ 0.10% FEMSA ADR 127.73 ▼ 3.34% CEMEX ADR 12.00 ▼ 1.64% PETROBRAS ADR 18.07 ▲ 0.39% VALE ADR 14.70 ▼ 0.54% ITAU ADR 8.31 ▼ 0.72% SANTANDER BR 5.48 ▲ 0.74% AMBEV ADR 3.13 ▲ 1.95% CSN 1.10 ▼ 1.79% GERDAU 4.93 ▲ 2.13% LATAM ADR 53.59 ▲ 2.44% BTC 63,843 ▲ 0.19% ETH 1,918 ▲ 1.42% SOL 74.11 ▼ 0.04% XRP 1.06 ▼ 0.10% BNB 570.54 ▲ 0.85% ADA 0.16 ▲ 2.88% DOGE 0.07 ▲ 0.53% AVAX 6.61 ▲ 3.34% LINK 8.38 ▲ 0.18% DOT 0.76 ▲ 1.01% LTC 46.40 ▲ 0.87% BCH 213.89 ▲ 1.02% TRX 0.32 ▼ 0.24% XLM 0.17 ▲ 1.39% HBAR 0.07 ▲ 0.28% NEAR 1.65 ▼ 1.87% ATOM 1.31 ▲ 0.83% AAVE 101.02 ▲ 3.24% SELIC 14.25% ITUB4 42.86 ▲ 0.40% EMBRAER 88.86 ▲ 2.26% EMBRAER ADR 69.09 ▲ 1.62% JBS 13.93 ▲ 2.80% JBS BDR 70.57 ▲ 1.94% MBRF3 16.30 ▲ 2.58% MBRFY 3.15 ▲ 10.14% INTER 5.59 ▲ 0.54% EGX 53,730 ▲ 0.18% USD/ZAR16.67▼ 0.56% USD/NGN1,363▼ 0.09% NIKKEI 62,365 ▼ 3.95% CSI300 4,570 ▼ 2.83% HSI 25,311 ▲ 0.41% NIFTY 23,985 ▼ 0.04% KOSPI 6,024 ▼ 10.84% JCI 6,131 ▼ 0.89% USD/JPY163.76▲ 0.01% USD/CNY6.76▼ 0.08% DAX 25,464 ▲ 0.41% CAC 8,459 ▲ 0.63% FTSE 10,871 ▲ 0.83% MIB 51,698 ▼ 0.69% IBEX 19,727 ▼ 0.07% STOXX 646.89 ▲ 0.35% EUR/USD1.14▲ 0.21% GBP/USD1.33▼ 0.43% SPX 7,429 ▲ 0.21% DJI 52,747 ▲ 1.03% NDX 27,763 ▼ 0.98% RUT 2,954 ▲ 0.20% TSX 35,750 ▲ 0.51% VIX 18.21 ▼ 2.46% USD/CAD1.41▼ 0.17% US10Y 4.6040 ▼ 0.80% IBOV 176,564.75 ▲ 0.70% IPSA 10,880.04 ▼ 0.77% IPC MEX 67,183.26 ▲ 1.20% MERVAL 3,256,362 ▼ 1.48% COLCAP 2,301.24 ▲ 0.80% BVL PERÚ 57,237.60 — — USD/BRL 5.13 ▲ 0.16% USD/MXN 17.42 ▼ 0.15% USD/CLP 930.78 ▼ 0.97% USD/COP 3,207 ▼ 0.29% USD/PEN 3.40 ▼ 0.01% USD/ARS 1,499 ▲ 0.15% USD/UYU 40.20 ▲ 1.42% USD/PYG 6,020 ▲ 1.46% USD/BOB 11.30 ▲ 3.36% USD/DOP 57.82 ▲ 0.47% USD/CRC 449.99 ▲ 1.60% USD/GTQ 7.62 ▲ 2.22% USD/HNL 26.76 ▲ 1.54% USD/NIO 36.62 ▲ 0.69% USD/VES 740.95 ▼ 0.05% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.27 ▲ 0.40% USD/TTD 6.75 ▲ 1.31% EUR/BRL 5.84 ▲ 0.93% BRENT 83.76 ▼ 5.21% WTI 79.13 ▼ 4.21% IRON ORE 161.91 — — COPPER 6.34 ▼ 0.05% GOLD 4,029 ▼ 1.12% SILVER 57.34 ▼ 1.94% SOY 1,220 ▲ 0.93% CORN 481.00 ▲ 6.47% WHEAT 664.75 ▲ 0.72% COFFEE 340.50 ▲ 4.91% SUGAR 14.56 ▼ 0.14% ORANGE JUICE 136.30 ▼ 3.64% COTTON 81.08 ▲ 2.19% COCOA 5,206 ▲ 2.08% BEEF 221.78 ▼ 1.53% CATTLE 336.85 ▼ 0.41% LITHIUM 66.96 ▼ 2.43% PETR4 41.21 ▲ 0.49% VALE3 75.69 — 0.00% BBDC4 18.77 ▲ 0.32% ABEV3 16.10 ▲ 1.51% BBAS3 20.83 ▲ 1.61% B3SA3 16.00 ▲ 1.78% WEGE3 46.70 ▲ 0.65% PRIO3 56.77 ▲ 1.90% SUZB3 43.10 ▲ 2.94% RENT3 38.37 ▲ 1.72% AZZA3 17.15 ▲ 0.23% CSAN3 4.00 ▲ 1.27% RAIZ4 0.27 ▲ 3.85% PCAR3 2.74 — 0.00% GMAT3 3.92 ▲ 2.35% PSSA3 54.91 ▲ 1.14% CVCB3 1.32 ▼ 2.94% POSI3 3.60 ▲ 2.27% SLCE3 13.16 ▼ 1.64% NATU3 8.34 ▼ 1.77% BRKM5 5.96 ▼ 1.97% RANI3 8.13 ▲ 2.52% CSNA3 5.64 ▼ 1.23% CMIN3 5.96 ▲ 2.76% USIM5 8.69 ▲ 0.93% GGBR4 25.14 ▲ 2.70% ENEV3 25.85 ▲ 1.49% CPFE3 45.96 ▲ 2.70% CMIG4 11.19 ▲ 0.18% EQTL3 38.83 ▲ 0.08% LREN3 13.90 ▲ 1.24% VIVT3 33.83 ▼ 6.31% RAIL3 14.08 ▲ 2.03% KLABIN 18.04 ▲ 2.04% RAIA DROGASIL 18.20 ▲ 0.17% RDOR3 34.32 ▲ 2.14% HAPV3 10.60 ▲ 4.02% FLRY3 17.06 ▲ 3.21% SMTO3 14.30 ▼ 2.52% UGPA3 32.45 ▲ 1.12% VBBR3 35.13 ▲ 1.83% BBSE3 41.21 ▲ 1.65% BPAC11 55.84 ▲ 0.52% CURY3 30.10 ▼ 0.95% AERI3 2.09 ▲ 1.95% VIVARA 22.61 ▲ 2.73% COMPASS 25.22 ▼ 0.32% VAMOS 3.33 ▲ 5.05% SANB11 27.67 ▲ 1.13% ASAI3 8.24 ▲ 1.60% SBSP3 28.27 ▼ 2.08% WALMEX 48.74 ▲ 0.70% GMEXICO 209.28 ▼ 0.11% FEMSA 222.17 ▼ 3.83% CEMEX 20.99 ▼ 1.78% GFNORTE 199.12 ▲ 1.37% BIMBO 59.50 ▲ 0.66% TELEVISA 9.86 ▼ 0.20% AMX 22.48 ▲ 0.09% GAP 379.13 ▲ 0.93% ASUR 271.18 ▲ 0.97% OMA 235.27 ▲ 2.85% KOF 189.82 ▲ 0.07% GRUMA 268.00 ▼ 0.20% KIMBER 40.61 ▲ 1.78% SQM-B 62,500 ▼ 3.33% COPEC 6,300 ▲ 0.82% BSANTANDER 79.12 ▼ 2.04% FALABELLA 6,101 ▼ 0.88% ENELAM 85.80 ▼ 0.10% CENCOSUD 1,900 ▼ 0.78% CMPC 1,035 ▼ 0.43% BANCO CHILE 189.10 ▼ 2.15% LATAM AIR 25.00 ▲ 1.63% YPF 79,525 ▼ 2.09% GGAL 7,855 ▼ 1.32% PAMPA 5,450 ▼ 0.46% TXAR 669.00 ▼ 0.74% ALUAR 988.00 ▲ 0.36% TGS 9,465 ▼ 2.52% CEPU 2,335 ▼ 2.01% MIRGOR 16,525 ▼ 1.78% COME 42.52 ▲ 0.14% LOMA NEGRA 3,645 ▼ 1.69% BYMA 302.75 — 0.00% TELECOM ARG 4,335 ▼ 3.45% ECOPETROL 15.83 ▲ 0.19% BANCOLOMBIA 89.07 ▲ 1.30% GRUPO AVAL 4.93 ▲ 2.28% CREDICORP 389.39 ▼ 0.41% SOUTHERN COPPER 178.96 ▼ 0.20% BUENAVENTURA 30.35 ▼ 4.32% MERCADOLIBRE 1,863 ▲ 2.35% NUBANK 14.68 ▲ 1.03% XP 16.80 ▲ 0.36% PAGSEGURO 9.61 ▲ 2.45% STONE 11.16 ▲ 2.48% GLOBANT 35.11 ▲ 7.57% TECNOGLASS 47.22 ▲ 4.05% GAP AIRPORT 217.50 ▲ 0.57% ASUR 271.18 ▲ 0.97% OMA AIRPORT 108.27 ▲ 3.31% AMX ADR 25.73 ▲ 0.10% FEMSA ADR 127.73 ▼ 3.34% CEMEX ADR 12.00 ▼ 1.64% PETROBRAS ADR 18.07 ▲ 0.39% VALE ADR 14.70 ▼ 0.54% ITAU ADR 8.31 ▼ 0.72% SANTANDER BR 5.48 ▲ 0.74% AMBEV ADR 3.13 ▲ 1.95% CSN 1.10 ▼ 1.79% GERDAU 4.93 ▲ 2.13% LATAM ADR 53.59 ▲ 2.44% BTC 63,843 ▲ 0.19% ETH 1,918 ▲ 1.42% SOL 74.11 ▼ 0.04% XRP 1.06 ▼ 0.10% BNB 570.54 ▲ 0.85% ADA 0.16 ▲ 2.88% DOGE 0.07 ▲ 0.53% AVAX 6.61 ▲ 3.34% LINK 8.38 ▲ 0.18% DOT 0.76 ▲ 1.01% LTC 46.40 ▲ 0.87% BCH 213.89 ▲ 1.02% TRX 0.32 ▼ 0.24% XLM 0.17 ▲ 1.39% HBAR 0.07 ▲ 0.28% NEAR 1.65 ▼ 1.87% ATOM 1.31 ▲ 0.83% AAVE 101.02 ▲ 3.24% SELIC 14.25% ITUB4 42.86 ▲ 0.40% EMBRAER 88.86 ▲ 2.26% EMBRAER ADR 69.09 ▲ 1.62% JBS 13.93 ▲ 2.80% JBS BDR 70.57 ▲ 1.94% MBRF3 16.30 ▲ 2.58% MBRFY 3.15 ▲ 10.14% INTER 5.59 ▲ 0.54% EGX 53,730 ▲ 0.18% USD/ZAR 16.66 ▼ 0.50% USD/NGN 1,363 ▲ 0.16% NIKKEI 62,365 ▼ 3.95% CSI300 4,570 ▼ 2.83% HSI 25,311 ▲ 0.41% NIFTY 23,985 ▼ 0.04% KOSPI 6,024 ▼ 10.84% JCI 6,131 ▼ 0.89% USD/JPY 163.76 ▲ 0.04% USD/CNY 6.7710 ▲ 0.25% DAX 25,464 ▲ 0.41% CAC 8,459 ▲ 0.63% FTSE 10,871 ▲ 0.83% MIB 51,698 ▼ 0.69% IBEX 19,727 ▼ 0.07% STOXX 646.89 ▲ 0.35% EUR/USD 1.1393 ▲ 0.16% GBP/USD 1.3293 ▲ 0.01% SPX 7,429 ▲ 0.21% DJI 52,747 ▲ 1.03% NDX 27,763 ▼ 0.98% RUT 2,954 ▲ 0.20% TSX 35,750 ▲ 0.51% VIX 18.21 ▼ 2.46% USD/CAD 1.4101 ▼ 0.14% US10Y 4.6040 ▼ 0.80%
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Politics - Brazil Rio de Janeiro

Officials Fear Slump of Meat Consumption in Brazil

By · March 21, 2017 · 2 min read

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By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – Although local and international media have highlighted bans on imported Brazilian meats by foreign nations, Brazilian authorities are concerned the decline of meat consumption by Brazilians themselves.

Brazil,Agriculture Minister, Blairo Maggi speaks to reporters on Monday, Rio de Janeiro, Brazil News
Agriculture Minister, Blairo Maggi speaks to reporters on Monday, photo by Fabio Pozzebom/AgBr.
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Consumer protection entities are already calling for more caution by consumers or avoidance of brands related to the investigation all together.

The investigation by federal police into tainted meats may lead to a crisis in the meat-producing sector, say analysts, since eighty percent of meats produced in Brazil are consumed domestically. Fearing a widespread decline in consumption, government officials were quickly to react.

“Let us take advantage of this moment and send messages to Brazilian domestic consumers that there is no problem in the consumption of animal products inspected by the Ministry of Agriculture,” said Agriculture Minister Blairo Maggi during a news conference on Monday.

“When we say ‘remain calm’ it’s because we know that most of our system, 99 percent of the food producers in Brazil do the thing transparent and serious,” he added. According to Maggi the monitoring system of Brazil’s meat production is ‘robust and strong’.

Consumer protection agencies, however, are warning consumers to look closely at the products before buying, and some are suggesting avoiding all together those companies which have been cited in the investigation.

As a precaution, for example, the IDEC (Brazilian Consumer Defense Institute) recommends that the consumer avoid ultra processed foods made from meats such as sausage, sausage, nuggets, hamburgers, etc.

“These products are industrial formulations made from substances extracted from food, which makes it difficult to identify the origin of the raw material used in its manufacture,” says Ana Paula Bortoletto, nutritionist at IDEC on the entity’s website.

Consumer Association, PROTESTE, goes further: it recommends citizens not to buy products from the companies involved in the irregularities.

“With everything that was disclosed in this operation, our position, given the seriousness of the matter, is to say to the consumer: ‘do not buy products from these companies’,” PROTESTE lawyer and representative Sonia Amaro was quoted as saying to a government news source.

“The consumer, who is the vulnerable part, cannot be sure that the meat will not harm his health. How will they protect themselves? [They] have no way,” she said.

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