Meat Scandal Will Cost Brazil Over R$1.5 Billion Per Year

Since Friday daily average exports fell from US$63 million to US$74,000 and meat companies shares fell by R$7.72 billion in the São Paulo's stock market.

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – The effects of last week’s Operação Carne Fraca (Weak Flesh Operation) continue to resonate both in the domestic and international meat markets. While two of the investigated meatpacking plants closed, laying off hundreds of workers, Brazil’s government calculates years until the country is able to regain international market shares.

"In export, if there is embargo, it will take three to five years to regain these markets. We are working hard to make the problem confined to these 21 companies in a clear, direct, transparent, fast and efficient . . .

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