Taking a page from its aggressive growth strategy in the United States, cash-rich Canadian fertilizer giant Nutrien plans to plow investment into Brazil in a bid to reap up to 30 per cent of farm supply sales in fertile pockets of the country. But business in Brazil’s farm sector — the world’s fastest growing —
Corn as cash: Brazil’s bartering farmers raise risks for Canada’s Nutrien
Lack of credit makes for an interesting and unfamiliar business environment in this Latin American powerhouse
Heavy rains not seen slowing Brazilian winter corn
There might be a small acreage drop, but the country is expected to continue to be a leading exporter
Reuters – Forecasts of heavy rainfall during Brazil’s soy-harvesting season are unlikely to discourage farmers from planting winter corn, according to Agroconsult, as it kicked off an annual crop tour Jan. 16 in the top grain-producing state of Mato Grosso. Once an afterthought, winter or second corn is planted after soybeans are harvested in states
Brazil pushes back decision on Bayer-Monsanto tie-up
Sao Paulo | Reuters — Brazilian antitrust agency Cade on Wednesday extended its deadline to review Bayer’s proposed takeover of Monsanto by 90 days to late March, potentially spoiling plans to wrap up the US$66 billion tie-up by the end of the year. A spokesman said Cade had approved the extension at a session on
JBS still seeks U.S. unit IPO
Sao Paulo | Reuters — JBS SA will proceed with plans to list a U.S.-based unit when market conditions allow, as the world’s No. 1 meatpacker wrestles with a shareholder revolt over the role of the controlling Batista family in a massive graft scandal. In a Tuesday conference call to discuss second-quarter results, CEO Wesley
Brazil federal police raid JBS on insider trade probe
Sao Paulo | Reuters — Brazil’s federal police on Friday raided the offices of JBS SA to investigate the alleged use of insider information in financial market dealings, pushing shares in the embattled meatpacker to a two-week low. Police said there were indications that JBS and controlling shareholder FB Participacoes SA gained an unfair advantage
JBS sells LatAm units to Minerva
Sao Paulo | Reuters — JBS SA has agreed to sell plants in Argentina, Paraguay and Uruguay to rival Minerva SA for US$300 million, as the world’s largest meatpacker seeks cash to weather a corruption scandal that caused a spike in funding costs. JBS will use proceeds from the transaction to cut debt, according to
JBS scandal might reduce Brazil meat supplies, industry group says
Sao Paulo/Cuiaba | Reuters — An unfolding corruption scandal involving meatpacker JBS SA may reduce meat supply in Brazil, potentially benefiting rivals of the world’s largest beef exporter, industry group Abrafrigo said. Since the scandal broke, JBS and ranchers have been at odds, with the company deciding to stop buying cattle for cash and producers
JBS shares soar as speculation mounts over crisis fallout
Cuiaba, Brazil | Reuters — Shares in JBS SA , the world’s largest meatpacker, spiked on Thursday as speculation mounted over its strategy for weathering the fallout from a corruption scandal centered on its owners. The stock closed 23 per cent higher, approaching levels last seen before the graft scandal rattled Brazil a week ago