Saudi Arabia has also placed restrictions on purchasing some BRF products
Brazilian food giant BRF SA has said it is continuing to supply the Middle East markets, despite its plant in Abu Dhabi being audited, according to reports.
And it has announced Saudi Arabia has placed restrictions on the purchase of some of its products, although the company has said this only affects a small proportion of its business in the region.
News agency Reuters reported that the audit surrounds the added value of the plant’s processed meat sales, for which the South American giant receives tax incentives.
BRF said some 90 percent of halal meat sold in the region is fresh and is unaffected by the restrictions.
BRF, one of the largest food companies in the world, ended the second quarter of 2019 with a profit of BRL 191 million ($48m). The robust result came from higher revenues derived in the domestic and foreign markets, combined with stronger operating and commercial performance.
In January, the firm announced that it planned to restore chicken exports to Saudi Arabia to previous levels after one of its plants lost its certification to export to the kingdom.
The facility – known as Lejeado – had been exporting around 6,500 tonnes of chicken products to Saudi Arabia each month before the Saudi government significantly reduced the number of Brazilian exports allowed to ship there.
In an interview with Bloomberg, Luz said that the company was in advanced talks with more than one party in Saudi Arabia to produce chicken in the kingdom.For all the latest retail news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.