JBS Doesn't See Brazil Beef Exports To US Before 2016

Brazilian meatpacker JBS SA expects fresh beef exports to the United States to begin no earlier than 2016, later than the Brazilian government predicted, Chief Executive Officer Wesley Batista said on Friday.

An agreement between the two countries was signed in June, when Brazilian President Dilma Rousseff visited Washington, but Batista said it would take time to work through bureaucratic approvals and overcome resistance from U.S. cattle producers.

"I never thought this would be an easy, simple deal," Batista told analysts on a call to discuss second-quarter earnings. JBS is the world's largest beef exporter.

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