Brazil's BRF CEO: Bolsonaro will ditch Israel embassy move

Brazilian food processor BRF SA does not believe the government of far-right President-elect Jair Bolsonaro will move Brazil's embassy in Israel, a measure which could be detrimental to a profitable trade relationship between Brazilian meat producers and consumers of halal products in the Muslim world.

Speaking as a panelist in an industry event on Friday, Chief Executive Officer Pedro Parente said he thinks the plans, which were not reaffirmed after Bolsonaro's election last month, "will naturally die away."