Brazil’s agriculture minister says Indonesia has authorized beef exports from 10 Brazilian meat packing plants.
In a statement, Minister Tereza Cristina Dias said the plants have the potential to export at least 25,000 metric tons of beef products.
The authorization came after Dias held talks with Indonesian Agriculture Minister Amran Sulaiman in May as part of a tour of Asian countries to open new markets for Brazilian farm products.
Five of the authorized plants are operated by Minerva SA, the company said in a securities filing on Thursday. In 2018, Indonesia imported approximately 150,000 metric tons of beef, with Australia accounting for around 40% of that volume, the company said.