The inspection scandal throttled the share prices of JBS SA, the world's largest meat producer, and poultry exporter BRF SA, after both were targeted in "Operation Weak Flesh" along with dozens of smaller rivals.
Addressing diplomats from Europe, the United States, China and elsewhere, Temer said Brazil's government "reiterates its confidence in the quality of a national product that has won over consumers and obtained the approval of the most rigorous markets." Temer, who even took some of the diplomats to a lakeside steakhouse after the meeting, portrayed the raids as isolated, if necessary, efforts against corruption.
He sought to dispel fears of systemic flaws in a sector that is now the world's largest exporter of beef and several other meat products.
On Friday, regulators from the United States, which recently began importing fresh beef from Brazil, said they were monitoring the issue but that inspections at import terminals there should prevent any health risks.
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