Reported about 4 hours ago
Carrefour SA has publicly apologized to Brazil to mend ties following the company's announcement that it would no longer sell South American meat in France. This statement caused a backlash from Brazilian officials and farmers, prompting retaliatory actions from Brazilian beef producers like JBS and Minerva. Carrefour clarified that its intent was not to criticize Brazilian agriculture and reaffirmed its commitment to sourcing meat locally in France. Following the apology, shares in Carrefour's Brazilian branch, Atacadão, rose, and meat suppliers expressed readiness to resume shipments.
Source: YAHOO