GFM Network News


JBS sees steady trade flows but flags export woes

Sao Paulo | Reuters — Brazil’s JBS, the world’s largest meatpacker, has said the COVID-19 coronavirus epidemic could cause container shortages, port disruptions and other logistics issues, but said trade flows should stay strong thanks to Chinese demand. In a conference call to discuss earnings results on Thursday, JBS executives said its export operations had

Dreyfus to cut costs amid trade jitters, swine fever

Sao Paulo | Reuters — Agricultural commodities giant Louis Dreyfus Co. (LDC) has launched a cost-cutting and reorganization drive in the face of difficulties confronting global trading houses, according to an internal memo seen by Reuters on Wednesday. LDC confirmed the memo’s authenticity in a statement, saying the company aimed to optimize its cost base



Brazil beef plants set for Chinese inspections

Amid swine fever outbreak, China seeks new protein sources

Chinese health inspectors are evaluating four Brazilian beef plants as part of a push to approve new meat exporters amid an outbreak of swine fever, two people familiar with the matter told Reuters. Marfrig Global Foods SA owns one of the plants, located in the town of Várzea Grande in Mato Grosso state, according to







JBS shareholder Batista arrested in food sector corruption investigation

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