GFM Network News


Bunge’s agent overturns Brazil injunction blocking access to key port

Bunge’s agent overturns Brazil injunction blocking access to key port

Reuters – Brazil’s Litoral Soluções, an unlisted port agent representing U.S. grain trader Bunge, won the reversal of an injunction blocking its right to ship grains from a key southern Brazilian port’s public terminal. The ruling, by Judge João Carlos Franco, overturned his own earlier decision suspending the contract. A final court decision is still

(JBSFoodCanada.ca)

JBS profit bolstered by weak currency, strong Chinese and U.S. markets

China became third largest beef export market for JBS Canada, company says

Sao Paulo | Reuters — Meat processor JBS SA’s fourth-quarter profit rose 65 per cent from a year earlier, boosted by strong food sales in China and the U.S. and a sharp devaluation of Brazil’s real currency, the company said in a securities filing on Wednesday. For full-year 2020 its profit was 4.6 billion reais,



Brazil cattle supplies to remain tight, hitting beef packers

Brazil cattle supplies to remain tight, hitting beef packers

Reuters – A shortage of cattle for slaughtering will continue to weigh on Brazilian beef processors for at least a year, Fernando Iglesias, an analyst with Safras & Mercado, said in a recent presentation. Brazil’s tight supplies, caused by the slaughtering of cows and strong demand for beef in markets like China, has led companies

Brazil to reap record corn harvest but second crop worries linger

Brazil to reap record corn harvest but second crop worries linger

Reuters – Brazilian farmers will harvest a record corn crop even as growers plant their second corn crop outside the ideal window, Paulo Molinari, an analyst with Safras & Mercado, said in a recent presentation. Total corn production in the 2020-21 cycle is estimated at 113.5 million tonnes, up six per cent from the previous


Brazil rancher groups oppose importing live cattle from Paraguay

Reuters – A trade group representing Brazilian meat packers has asked the Agriculture Ministry for authorization to import live cattle from Paraguay, drawing criticism from ranchers, two farming associations said. The request to import live cattle from Paraguay, made by a trade group based in Mato Grosso do Sul, which borders Paraguay to the east,

Brazil aims to boost beef export

Brazil aims to boost beef export

Reuters – Brazil’s beef producers aim to boost export volumes by six per cent next year as they negotiate access to new markets in Asia and North America, industry group Abiec said recently. Abiec estimated that Brazil, the world’s biggest beef supplier, could export 2.141 million tonnes next year, worth US$8.789 billion, up from a

Rare U.S. soybean cargo unloads at Brazilian port of Paranaguá

Reuters – A ship carrying 30,500 tonnes of U.S. soybeans was unloading its rare cargo on Dec. 4, after getting all regulatory permissions and docking at one of Paranaguá’s berths, according to a spokeswoman for the port authority. Brazil, a net food exporter, sold so much of its soybeans to China, that little was left


A worker inspects soybeans during the soy harvest near the town of Campos Lindos, Brazil February 18, 2018.

U.S. farmers celebrate soy price surge as Brazil misses out

The Latin America powerhouse missed the upward surge by selling earlier to lock in prices

U.S. farmers sold freshly harvested soybeans directly off their combines for a profit as prices rose to a four-year high this autumn, a welcome change from the losses suffered during the U.S.-China trade war. Strong exports to China as the world’s top soybean importer emerged from lockdown helped push the most active soybean futures contract at the Chicago Board of

(JBSs.infoinvest.com.br)

JBS gears up for U.S. and Brazil expansions

Brazilian meat giant reiterates plans following strong Q3 results

Sao Paulo | Reuters — Food processor JBS SA reiterated plans to grow production capacity in Brazil and in the United States after posting strong third quarter results, executives said in a conference call to discuss earnings on Thursday. CEO Gilberto Tomazoni said 12 of the company’s plants in Brazil were being expanded, as JBS