Brazilian Beef Still Banned by Wal-Mart
BRAZIL - U.S. retail giant Wal-Mart Stores Inc. (WMT) is continuing its ban on beef purchases from the northern Brazilian state of Para, a press officer confirmed Tuesday.
22 July 2009
1 minute read
According to a news report from CNN Money, a Wal-Mart statement said that the company is "against any move to restart beef purchases [from meatpackers in Para] before an independent audit process is established to guarantee the origin of beef from the region."
The initial ban came after environmental group Greenpeace alleged that Brazilian meatpackers were buying beef from deforested areas of the Amazon region, says CNN Money.
Wal-Mart secured 12 per cent -13 per cent of its Brazilian beef purchases from the state of Para before the ban, a company press officer said.
Along with Wal-Mart, Brazil's Pao de Acucar (CBD) and France's Carrefour ( CA.FR) also recently suspended purchases of beef from meatpackers accused by Brazil's Federal Public Ministry, or MPF, in Para state of using deforested land to raise cattle.
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