Norway Suspends Imports of Brazilian Animal Proteins, Following EU
Listen to the story
Norway has stopped buying animal proteins from Brazil. Animal proteins are foods like meat and chicken from animals. This includes beef and other meat products.
The European Union (EU) also stopped these imports before. An import is a product that comes from another country. Norway is now doing the same thing as the EU.
But there is other news too. In July, Brazil sold a lot of beef to the EU. This beef had the highest value in 20 years. Value means how much money something is worth.
Brazil also has problems selling meat to other countries. The United States has new tariffs on Brazilian meat. A tariff is an extra tax on goods from another country.
China also has quotas on Brazilian meat. A quota is a limit on how much you can sell. These problems make it harder for Brazilian companies to sell meat abroad.
Many people ask if it is still good to invest in Brazilian meat companies. These companies are called frigorÃficos in Portuguese, or meatpacking companies in English. Investors want to know if these companies can still make money and pay dividends. A dividend is money a company pays to people who own its stock.
Vocabulary7 words
- animal proteins
- foods from animals, like meat
- imports
- goods bought from another country
- value
- how much money something is worth
- tariffs
- extra tax on goods from another country
- quotas
- a limit on how much you can sell
- frigorÃficos
- companies that pack and sell meat
- dividends
- money a company pays to its owners
Quiz
Answer key
1. Stopped buying animal proteins from Brazil 2. They reached the highest value in 20 years 3. True
Fill-in-the-blank listening
Play the audio again and fill in the missing words as you listen.
Norway has stopped buying _____ from Brazil.
The European Union (EU) also stopped these _____ before.
In July, Brazil sold a lot of beef to the EU with the highest _____ in 20 years.
The United States has new _____ on Brazilian meat.
China also has _____ on Brazilian meat.
These companies are called _____ in Portuguese.
Investors want to know if these companies can still pay _____.