Earlier this year, processed beef exports from Brazil were banned from the United States. The move came after a regulator detected an excess of Ivermectin in some products. The move created quite a stir in May.
Apparently Brazilian officials were able to get a handle on the problem. Following a series of meetings with officials of both countries, wire services report, that Brazil decided to use the same methodology used by the U.S. to assess the level of Ivermectin in foods.
The key beneficiary of the end of the ban may be JBS, the world's largest beef processor, according to Dow Jones. A dozen slaughterhouses will be authorized to export to the U.S. according to the announcement made by officials.
JBS had confirmed earlier this year that some of its meat had been involved in the ban, but the issue is not limited to the big packer. Brazil exported about 43,200 tons of processed beef to the U.S. in 2009.