IBOV 171,324.31 ▼ 0.43% IPC MEX 71,811.20 ▼ 0.27% MERVAL 2,848,945 — — USD/BRL5.65▲ 0.07% USD/MXN18.59▼ 0.08% USD/CLP996.28▲ 0.08% USD/COP3,307▲ 0.84% USD/PEN3.41▲ 0.19% USD/ARS1,545▼ 0.02% USD/UYU40.52▲ 3.32% USD/PYG6,185▲ 2.16% USD/BOB11.60▼ 0.28% USD/DOP60.57▲ 1.81% USD/CRC445.25▲ 0.47% USD/GTQ7.65▲ 2.13% USD/HNL26.90▲ 2.13% USD/NIO36.62▲ 1.57% USD/VES909.35▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.09▲ 2.15% USD/TTD6.71▲ 1.04% EUR/BRL6.24▲ 0.91% BRENT 95.74 ▼ 0.08% WTI 88.23 ▼ 0.57% IRON ORE 161.91 — — COPPER 6.15 ▼ 0.56% GOLD 3,897 ▲ 0.29% SILVER 49.86 ▼ 0.23% SOY 1,235 ▲ 0.67% CORN 447.75 ▲ 1.19% WHEAT 596.00 ▲ 2.01% COFFEE 273.30 ▼ 2.46% SUGAR 18.33 ▲ 0.60% ORANGE JUICE 140.60 ▼ 0.25% COTTON 78.95 ▲ 0.36% COCOA 5,222 ▲ 3.08% BEEF 218.98 — 0.00% CATTLE 335.85 ▲ 0.97% LITHIUM 59.43 ▼ 2.69% PETR4 44.70 ▲ 2.64% VALE3 63.95 ▼ 0.75% ITUB4 41.68 ▼ 0.10% BBDC4 14.32 ▼ 0.07% ABEV3 15.75 ▼ 0.63% BBAS3 15.48 ▼ 8.35% B3SA3 14.76 ▼ 0.27% WEGE3 51.65 ▲ 0.08% PRIO3 63.30 ▲ 2.98% SUZB3 56.04 ▲ 4.16% RENT3 29.58 ▼ 2.18% AZZA3 16.90 ▲ 9.95% CSAN3 2.85 ▼ 5.94% RAIZ4 20.00 ▼ 6.67% PCAR3 2.39 ▼ 5.91% GMAT3 3.84 ▼ 5.88% PSSA3 45.94 ▼ 0.09% CVCB3 0.84 ▼ 2.33% POSI3 3.37 ▲ 1.51% SLCE3 18.36 ▲ 7.68% NATU3 5.33 ▼ 5.16% BRKM5 3.07 ▲ 5.14% RANI3 8.18 ▼ 2.50% CSNA3 4.23 ▼ 6.42% IBOV 171,324.31 ▼ 0.43% IPC MEX 71,811.20 ▼ 0.27% MERVAL 2,848,945 — — USD/BRL 5.65 ▲ 0.07% USD/MXN 18.58 ▼ 0.09% USD/CLP 996.03 ▲ 0.06% USD/COP 3,307 ▲ 0.84% USD/PEN 3.41 ▲ 0.19% USD/ARS 1,545 ▼ 0.02% USD/UYU 40.52 ▲ 2.14% USD/PYG 6,185 ▲ 3.33% USD/BOB 11.60 ▼ 0.28% USD/DOP 60.57 ▲ 1.81% USD/CRC 445.25 ▲ 1.62% USD/GTQ 7.65 ▲ 2.13% USD/HNL 26.90 ▲ 2.13% USD/NIO 36.62 ▲ 1.57% USD/VES 909.35 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.09 ▲ 1.00% USD/TTD 6.71 ▲ 1.04% EUR/BRL 6.24 ▲ 0.91% BRENT 95.74 ▼ 0.08% WTI 88.23 ▼ 0.57% IRON ORE 161.91 — — COPPER 6.15 ▼ 0.56% GOLD 3,897 ▲ 0.29% SILVER 49.86 ▼ 0.23% SOY 1,235 ▲ 0.67% CORN 447.75 ▲ 1.19% WHEAT 596.00 ▲ 2.01% COFFEE 273.30 ▼ 2.46% SUGAR 18.33 ▲ 0.60% ORANGE JUICE 140.60 ▼ 0.25% COTTON 78.95 ▲ 0.36% COCOA 5,222 ▲ 3.08% BEEF 218.98 — 0.00% CATTLE 335.85 ▲ 0.97% LITHIUM 59.43 ▼ 2.69% PETR4 44.70 ▲ 2.64% VALE3 63.95 ▼ 0.75% ITUB4 41.68 ▼ 0.10% BBDC4 14.32 ▼ 0.07% ABEV3 15.75 ▼ 0.63% BBAS3 15.48 ▼ 8.35% B3SA3 14.76 ▼ 0.27% WEGE3 51.65 ▲ 0.08% PRIO3 63.30 ▲ 2.98% SUZB3 56.04 ▲ 4.16% RENT3 29.58 ▼ 2.18% AZZA3 16.90 ▲ 9.95% CSAN3 2.85 ▼ 5.94% RAIZ4 20.00 ▼ 6.67% PCAR3 2.39 ▼ 5.91% GMAT3 3.84 ▼ 5.88% PSSA3 45.94 ▼ 0.09% CVCB3 0.84 ▼ 2.33% POSI3 3.37 ▲ 1.51% SLCE3 18.36 ▲ 7.68% NATU3 5.33 ▼ 5.16% BRKM5 3.07 ▲ 5.14% RANI3 8.18 ▼ 2.50% CSNA3 4.23 ▼ 6.42%
since 2009
Friday, November 13, 2026

Brazil Business - Brazil

Indigenous people sue French retailer Casino over Amazon destruction

By · · 2 min read

RIO DE JANEIRO, BRAZIL – Indigenous peoples from Brazil and Colombia sued retailer Casino in a French court on Wednesday, March 3rd, over the selling of beef linked to land grabbing and deforestation in the Amazon, campaigners involved in the lawsuit said.

It is the first time a French supermarket chain has been taken to court over deforestation and the loss of land and livelihood under a 2017 law in France that demands its companies avoid human rights and environmental violations in their supply chains.

Casino controls Brazil’s largest food retailer, Grupo Pão de Acucar (GPA), which itself owns Colombian retailer Almacenes Exito
Casino controls Brazil’s largest food retailer, Grupo Pão de Acucar (GPA), which itself owns Colombian retailer Almacenes Exito.
RT
Ask Rio Times
Latin American markets, currencies and companies.
Open the full Ask Rio Times →

Casino declined to comment on the lawsuit.

Casino controls Brazil’s largest food retailer, Grupo Pão de Acucar (GPA), which itself owns Colombian retailer Almacenes Exito. Brazil is Casino’s second largest market after France.

The lawsuit alleges that Casino regularly bought beef from three slaughterhouses owned by a major Brazilian meatpacker.

Those slaughterhouses sourced cattle from nearly 600 suppliers responsible for at least 50,000 hectares — an area five times the size of Paris — of deforestation between 2008 and 2020, according to the lawsuit.

The LatAm Brief

One email, every weekday morning. What moved in Latin American markets, politics and expat life.

Yesterday’s subject line: “Trump threatens to double tariffs on Mexico”

The Amazon plays a vital role in regulating the Earth’s climate by absorbing carbon dioxide, one of the main greenhouse gases responsible for global warming.

An area of the Amazon rainforest the size of Israel was felled last year, campaign groups say. Cattle ranching is a big driver of habitat loss, as population growth and the expanding middle classes of developing nations fuel the consumption of meat and dairy.

In Colombia, cattle ranching and mining were threatening the future of indigenous communities, said Fany Kuiru Castro of the Ultoto people.

Companies are under growing pressure from national legislation and campaigners to protect the Amazon.

French bank BNP Paribas in February pledged to only finance companies producing beef or soybeans in Latin America that adopt a strategy of zero deforestation by 2025.

In January, BNP Paribas, Credit Suisse and Dutch lender ING announced they were to stop financing the trade in crude oil from Ecuador. Indigenous leaders said the banks’ money made them complicit in the destruction of rainforest by Ecuador’s oil industry.

Plaintiffs to the lawsuit include French and U.S. campaign groups.

This article was produced by The Rio Times’ automated AI newsroom. Editorial responsibility: Matthias Camenzind, Publisher and Editor-in-Chief. The Rio Times also runs Ask Rio Times, which answers from 100,000+ of our own articles, the daily Latin America Power Map, and prediction-market odds on elections and markets.. How we use AI · Report an error

The Rio Times · Power Map
See who really holds power in Latin America
Click to open the Power Map →

Brazil runoff date: Sunday, October 25, poll closing times and when results start · Brazil runoff polls: Flávio 51%, Lula 49% · Kalshi and Polymarket odds

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.