IBOV 166,191.45 ▼ 0.82% IPC MEX 71,087.56 ▲ 0.38% MERVAL 2,848,945 — — USD/BRL5.50▼ 0.14% USD/MXN18.70▼ 0.27% USD/CLP979.67▲ 0.11% USD/COP3,230▲ 0.08% USD/PEN3.44▼ 0.10% USD/ARS1,545▼ 0.03% USD/UYU40.22▲ 3.25% USD/PYG6,358▲ 8.23% USD/BOB11.92▲ 1.34% USD/DOP60.37▲ 0.12% USD/CRC449.63▲ 2.20% USD/GTQ7.64▲ 3.24% USD/HNL26.87▲ 3.22% USD/NIO36.62▲ 2.77% USD/VES892.65▼ 0.26% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.79▲ 2.77% USD/TTD6.64▲ 1.17% EUR/BRL6.14▲ 0.23% BRENT 98.18 ▼ 0.11% WTI 90.65 ▲ 0.14% IRON ORE 161.91 — — COPPER 6.27 ▲ 0.38% GOLD 4,079 ▼ 0.84% SILVER 52.18 ▼ 0.11% SOY 1,188 ▲ 0.57% CORN 439.50 ▼ 0.11% WHEAT 590.00 ▼ 1.54% COFFEE 269.65 ▼ 2.71% SUGAR 18.35 ▼ 1.13% ORANGE JUICE 130.55 ▼ 0.72% COTTON 78.70 ▼ 0.01% COCOA 5,212 ▲ 0.60% BEEF 214.48 ▼ 1.62% CATTLE 325.08 ▼ 2.09% LITHIUM 60.18 ▼ 2.75% PETR4 45.95 ▼ 2.48% VALE3 62.67 ▲ 0.51% ITUB4 39.97 ▲ 0.65% BBDC4 13.77 ▼ 2.06% ABEV3 15.48 ▲ 1.51% BBAS3 16.49 — 0.00% B3SA3 14.36 ▲ 0.42% WEGE3 48.30 ▼ 3.50% PRIO3 61.54 ▼ 0.97% SUZB3 52.29 ▼ 0.11% RENT3 29.07 ▼ 1.32% AZZA3 14.06 ▲ 0.64% CSAN3 2.50 ▲ 4.60% RAIZ4 27.30 ▼ 0.98% PCAR3 2.39 ▲ 3.91% GMAT3 3.71 ▲ 5.10% PSSA3 43.71 ▼ 2.63% CVCB3 0.82 ▲ 1.23% POSI3 3.11 ▼ 1.89% SLCE3 16.35 ▼ 1.51% NATU3 5.35 ▼ 1.29% BRKM5 3.03 ▼ 0.66% RANI3 8.46 ▼ 1.97% CSNA3 4.05 ▼ 0.74% IBOV 166,191.45 ▼ 0.82% IPC MEX 71,087.56 ▲ 0.38% MERVAL 2,848,945 — — USD/BRL 5.50 ▼ 0.06% USD/MXN 18.70 ▼ 0.28% USD/CLP 979.15 ▲ 0.06% USD/COP 3,230 ▲ 0.08% USD/PEN 3.44 ▼ 0.24% USD/ARS 1,545 ▼ 0.19% USD/UYU 40.22 ▲ 3.25% USD/PYG 6,358 ▲ 8.23% USD/BOB 11.92 ▲ 1.34% USD/DOP 60.37 ▲ 0.12% USD/CRC 449.63 ▲ 2.27% USD/GTQ 7.64 ▲ 3.24% USD/HNL 26.87 ▲ 3.22% USD/NIO 36.62 ▲ 2.77% USD/VES 892.65 ▼ 0.26% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.79 ▲ 2.77% USD/TTD 6.64 ▲ 1.17% EUR/BRL 6.14 ▲ 0.26% BRENT 98.18 ▼ 0.11% WTI 90.65 ▲ 0.14% IRON ORE 161.91 — — COPPER 6.27 ▲ 0.38% GOLD 4,079 ▼ 0.84% SILVER 52.18 ▼ 0.11% SOY 1,188 ▲ 0.57% CORN 439.50 ▼ 0.11% WHEAT 590.00 ▼ 1.54% COFFEE 269.65 ▼ 2.71% SUGAR 18.35 ▼ 1.13% ORANGE JUICE 130.55 ▼ 0.72% COTTON 78.70 ▼ 0.01% COCOA 5,212 ▲ 0.60% BEEF 214.48 ▼ 1.62% CATTLE 325.08 ▼ 2.09% LITHIUM 60.18 ▼ 2.75% PETR4 45.95 ▼ 2.48% VALE3 62.67 ▲ 0.51% ITUB4 39.97 ▲ 0.65% BBDC4 13.77 ▼ 2.06% ABEV3 15.48 ▲ 1.51% BBAS3 16.49 — 0.00% B3SA3 14.36 ▲ 0.42% WEGE3 48.30 ▼ 3.50% PRIO3 61.54 ▼ 0.97% SUZB3 52.29 ▼ 0.11% RENT3 29.07 ▼ 1.32% AZZA3 14.06 ▲ 0.64% CSAN3 2.50 ▲ 4.60% RAIZ4 27.30 ▼ 0.98% PCAR3 2.39 ▲ 3.91% GMAT3 3.71 ▲ 5.10% PSSA3 43.71 ▼ 2.63% CVCB3 0.82 ▲ 1.23% POSI3 3.11 ▼ 1.89% SLCE3 16.35 ▼ 1.51% NATU3 5.35 ▼ 1.29% BRKM5 3.03 ▼ 0.66% RANI3 8.46 ▼ 1.97% CSNA3 4.05 ▼ 0.74%
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Friday, November 6, 2026

Brazil Business - Brazil

Food Giant Nestlé Reconsiders Buying Meat and Cocoa From Brazilian Suppliers

By · September 3, 2019 · 2 min read

RIO DE JANEIRO, BRAZIL – The world biggest food company Nestlé is “reconsidering” its purchases of meat and cocoa from Brazilian suppliers. The food giant wants to be sure that the products it imports from Brazil are not contributing to the destruction of the Amazon.

The company said it will take “corrective actions” if it detects suppliers violating its standards.

Experts fear that the international repercussions of the burning in the Amazon will lead to a consumer boycott of Brazilian products.
Experts fear that the international repercussions of the burning in the Amazon will lead to a consumer boycott of Brazilian products.
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Company executives met on Monday at the Federation of Industries of the State of São Paulo (FIESP) to debate the fires in the Amazon forest. Representatives of other European companies were also present.

The fires have prompted criticism from European countries, such as France and Ireland, which challenged the agreement recently signed between Mercosur and the European Union (EU). The concerns over the forest have also led celebrities and international NGOs to call for its protection.

Under pressure, companies are beginning to scrutinize purchases from Brazilian suppliers. The first was the US-based VF Corporation, manufacturer of footwear and leather accessories and owner of 18 brands, such as Timberland and Kipling. Last week, the company reported that it will not buy more Brazilian raw material due to concerns over environmental compliance in the production chain.

Nestlé is considering the same approach. “We are using a combination of tools, including mapping the supply chain, certification, satellite monitoring and on-site inspection,” said a spokesman for the Swiss food giant.

In addition to meat and cocoa, the company buys soybean and palm oil. In 2010, the manufacturer pledged that its products would not be associated with deforestation.

Experts fear that the international repercussions of the burning in the Amazon will lead to a consumer boycott of Brazilian products. Others caution that, under pressure from governments, companies may raise trade barriers against Brazilian suppliers.

According to NGO Amazon Watch, soybean plantations and cattle pasture are the main drivers of deforestation in the Amazon forest.

In August of this year, the number of fires in the Amazon region tripled compared to August of last year, from 10,421 in 2018 to 30,901 in 2019. The previous record was nine years ago.

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief

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