Sao Paulo | Reuters — International cannabis companies are showing interest in Brazil, both its large consumer market for medicinal products and a proposal that could legalize planting of the crop. Major producers such as Colombia’s Clever Leaves and Canada’s Canopy Growth are developing and selling medicinal cannabis products to a Brazilian consumer segment estimated
Cannabis firms catch whiff of opportunity in Brazil
Canadian producers among those now supplying Brazilian market
Corteva launches Brazil biotech soy, tackles Bayer head-on
Sao Paulo | Reuters – Corteva Agriscience said on Aug. 9 it will start selling biotech soybean seeds in Brazil, as it seeks to bolster its presence in the world’s largest producer of the oilseed and tackle German rival Bayer AG. Corteva said its Enlist soybean seeds can resist three weed killers including glyphosate, ammonium
Top soy producer Brazil to boost plantings for 15th year: Datagro
Brazil’s soybean area poised to jump four per cent
Reuters – Buoyed by strong demand, Brazilian farmers are poised to expand their soybean area for the 15th consecutive year, a survey by agribusiness consultancy Datagro released July 30 showed. The area planted with soybeans in the world’s largest producer and exporter is expected to increase by four per cent to 40.57 million hectares in
Brazil soy farmers get cash for rendering ‘environmental services’
Reuters – Brazilian soy farmers are being paid for promoting sustainable agriculture, according to the organizers of a new initiative involving 55 growers in Maranhão and Mato Grosso states, in the heart of Brazil’s farm country. The program, which rewards producers for their “environmental services,” highlights mounting pressure on farmers and businesses to produce food
Brazil asks China to clarify new soy standard, official says
Reuters – Brazil has asked China to clarify certain aspects of a new national soybean standard that changes quality requirements for the grain, including how they will be implemented and assessed, a Brazilian Agriculture Ministry official said. China’s proposed new standard for the oilseeds, currently under discussion at the World Trade Organization, is expected to
Rising beef prices squeeze carnivores from Buenos Aires to California
China’s appetite and higher feed prices see beef prices rise around the globe for consumers
Reuters – Beef prices are surging worldwide, taking meat off the menu in steak-loving Buenos Aires and spoiling summer barbecues in the United States as Chinese imports rise and the cost of feeding cattle soars. Globally, the surge is contributing to the highest food prices since 2014, according to the United Nations food agency, hitting
Brazil meatpackers JBS, BRF stung by feed costs in home market
Reuters – Brazilian meat packers JBS SA and BRF SA have both acknowledged they are struggling to pass on higher feed costs to consumers in their home market although JBS sounded a more bullish tone given its big U.S. exposure. Both companies reported they had swung to first-quarter profits after losses a year ago. JBS,
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
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,
JBS pledges net zero greenhouse emissions by 2040
Sao Paulo | Reuters — JBS SA, the world’s largest meatpacker, has committed to zeroing the balance of its global greenhouse gas emissions by 2040, the company said on Tuesday, amid criticism of its role in a Brazilian beef industry driving rainforest destruction. “We know it is very difficult to achieve this,” CEO Gilberto Tomazoni
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