Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Brasil Foods Falls as Russia Temporarily Bans Beef Imports

BRF Brasil Foods SA fell to the lowest price in more than two months after Russia temporarily banned imports from 85 Brazilian beef plants.

Brasil Foods dropped 1.7 percent to 28.60 reais at the close of Sao Paulo trading at 4:15 p.m. New York time, the lowest price since March 18. The ban also included Marfrig Alimentos SA, which rose 1.7 percent to 14.13 reais, and JBS SA, which climbed 4.1 percent to 5.59 reais. Both advanced after saying they’ll maintain exports by shipping meat from different plants.

“The ban may be lifted in the future, but until then the companies’ sales will be hurt,” Caue Pinheiro, an analyst at Sao Paulo-based brokerage SLW Corretora, said in a telephone interview.

Yields on Marfrig bonds due 2018 climbed 17 basis points, or 0.17 percentage point, to 8.79 percent, after surging as much as 40 basis points earlier, according to Bloomberg data.

The notes are among the most-traded high-yield, high-risk bonds today, according to Trace, the bond-price reporting system of the Financial Industry Regulatory Authority.

Russia temporarily banned imports starting June 15 from plants in the Brazilian states of Mato Grosso, Rio Grande do Sul and Parana, the sanitary authority said today in a statement on its website.

In a separate statement on the same website, the authority said it inspected 29 Brazilian producers and found their agriculture safety controls to be weak.

JBS and Marfrig said in separate statements today they will maintain exports by shipping meat from plants unaffected by the ban. JBS said it’s seeking to solve any problems that may have caused the suspension.

In April, Russia restricted purchases of beef and pork from eight Brazilian meatpackers because of sanitary issues.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.