December 3, 2008
Brazilian meat company Bertin had stopped operations at its meatpacking plant in the state of Tocantins, according to local newspaper Valor Economico on Tuesday (Dec 2, 2008).
The plant in Araguaina, Tocantins, was temporarily shut to adjust to the tight beef supply and fluctuating demand in the local and external markets, Valor reported.
Lack of beef supply and credits have also caused other Brazilian meatpackers to suspend their operations.
Valor reported that Brazilian giant JBS has also suspended operations at three of its 23 units in October.
Brazil is the world's No.1 beef exporter.