Brazil’s JBS says it uses satellites to monitor cattle suppliers

Reading Time: 1 minute Sao Paulo | Reuters — The world’s largest meatpacker JBS SA is closely monitoring the origin of the cattle it buys in Brazil amid heightened concerns about environmental preservation and sustainable business practices, its CEO said Wednesday. Speaking at an industry event in Sao Paulo, JBS CEO Gilberto Tomazoni said the company is using satellite […] Read more

Brazil halts beef exports to China after atypical BSE case

Reading Time: 1 minute Sao Paulo | Reuters — Brazil has temporarily halted beef exports to China following an atypical case of BSE in leading farm state Mato Grosso, the agriculture ministry said on Monday. China, Brazil’s largest beef importer by sales, spent US$1.5 billion on Brazilian beef last year, totaling 322,400 tonnes or almost 20 per cent of […] Read more

Brazil is the world’s largest exporter of soybeans.

Brazil grain growers launch hotline to report Bayer’s market practices

Concerns remain in the aftermath of Bayer’s purchase of rival Monsanto

Reading Time: 1 minute Sao Paulo | Reuters – A Brazilian grain growers association has launched a hotline to encourage farmers to report practices on the part of Germany’s Bayer SA that potentially could be anti-competitive, according to a statement sent to Reuters April 23. Aprosoja Brasil, which called the initiative “an awareness campaign,” aims to galvanize farmers to […] Read more

JBS predicts profits will be stronger this year

Reading Time: 2 minutes Sao Paulo | Reuters — JBS SA executives said Friday the Brazilian meat company will deliver higher earnings in 2019 on strong demand for beef in the U.S. and Australia as well as growing Chinese demand for various proteins. Still, first-quarter results will reflect lower cattle availability in the U.S. due to rains and a […] Read more

A highway in Mato Grosso, Brazil. Each year, many highways in the state see high volumes of truck traffic as they move to get grains to port.

Road and rail investments considered in Brazil

Five exporters are considering a joint venture to tackle logjams that slow export deliveries

Reading Time: 2 minutes Sao Paulo | Reuters – The world’s big four agriculture traders and Brazilian rival Amaggi could make a joint bid to operate a road connecting Brazil’s grain belt to northern ports, while also considering an investment in a parallel railway, said the firm that conducted a study on the potential venture. Archer Daniels Midland Co. […] Read more

JBS posts narrower-than-expected quarterly loss

Reading Time: 2 minutes Sao Paulo | Reuters — Brazil-based food company JBS SA on Tuesday posted a narrower than expected quarterly loss on the back of a strong performance by its Seara processed foods and Brazil beef divisions, and resilience in certain of its U.S. operations. Seara booked net sales of 4.9 billion reais (C$1.72 billion) last quarter, […] Read more

JBS shareholder Batista arrested in food sector corruption investigation

Reading Time: 2 minutes Rio de Janeiro | Reuters – Brazilian police arrested one of the controlling shareholders of meatpacker JBS SA on Friday in connection with an ongoing police inquiry into illegal campaign contributions while a local news outlet reported two former agriculture ministers were also arrested. A member of JBS’ controlling family Joesley Batista is expected only to […] Read more

Russia to resume beef, pork imports from Brazil

Reading Time: 1 minute Moscow/Sao Paulo | Reuters – Russia’s agriculture safety watchdog said on Wednesday it would allow imports of beef and pork from nine Brazilian plants beginning on Thursday, ending an 11-month ban triggered by concerns about the safety of their meat products. Russia’s Rosselkhoznadzor had placed temporary restrictions on imports of pork and beef products from […] Read more

Hog industry worldwide getting slaughtered in trade war

Reading Time: 5 minutes Beijing/Chicago/Carambei | Reuters – Ken Maschhoff, chairman of the largest U.S. family-owned pork producer, has watched profits fall as trade tensions rise between the United States and China. His company, The Machhoffs, has halted U.S. projects worth up to $30 million and may move some operations overseas. Investing in domestic operations now would be “ludicrous” […] Read more