Russia food embargo creates golden opportunity for Brazil

A man piles up salted meat in the municipal market in Sao Paulo, Brazil, on March 15, 2010Brazilian meat exporters said Thursday that Moscow’s ban on food imports from Europe and the United States provide a golden opportunity to sell more of their products to Russia. The sanctions announced by Prime Minister Dmitry Medvedev come just days after Moscow sealed import deals with two dozen Brazilian poultry companies and five pork producers. All told, there are nearly 40 Brazilian poultry producers and 12 pork manufacturers exporting their goods to Russia, industry officials said. There are also more than two dozen beef production facilities which now have approval to export to Russia, according to the Brazilian meat exporters’ association ABIEC.

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