China set to clear Colombia beef exports - source
Brazil's Minerva owns two plants in Colombia
26 September 2023
1 minute read
By: Brazilian meatpacker Minerva said on Monday it has received a notification from Colombia's government saying that China has approved a protocol in order to open its market for Colombian beef exports, according to Reuters.
Minerva, which owns two plants in Colombia, said in a securities filing only final bureaucratic procedures are now required for the exports to be effectively cleared.
"The Bucaramanga and Cienaga de Oro plants, once approved, will add to assets in Brazil, Argentina and Uruguay and expand our exposure to China and maximize our arbitrage capacity," Minerva added.
