GFM Network News



Brazil court probing state-backed loans to JBS

Sao Paulo | Reuters — Brazil’s federal accounts court, the TCU, said it had identified irregularities on loans to JBS SA, the world’s largest beef producer, and is deepening an investigation into the company’s relationship with state-run lender BNDES. The TCU is probing loans used to purchase U.S.-companies Swift and Co, for about US$225 million



El Nino seen bringing drought to Brazil’s north, heavy rains to south

Sao Paulo | Reuters –– Brazil will likely experience a moderate El Nino by the end of the year, bringing steady rain to the country’s main grain-producing regions and sustained drought in the arid north, the national meteorological institute, Inmet, said. Inmet meteorologist Fabricio Daniel dos Santos Silva said six consecutive quarters of warming sea







Brazil soy farmers start planting expected record crop

Sao Paulo | Reuters — Farmers in Brazil have started planting what may be their third consecutive record soybean crop though progress has been uneven in South America’s largest economy, analysts for two state-level farm institutes said Wednesday. Parana, Brazil’s No. 2 soy growing state, in southern Brazil has planted six per cent of its

Russia ban offers big opportunity for Brazil

Sao Paulo/Brasilia | Reuters — Russia’s ban on many western food products presents a massive opportunity for meat and grain exports from agricultural powerhouse Brazil and a smaller one for its Latin American neighbours. Around 90 new meat plants in Brazil were immediately approved to export beef, chicken and pork to Russia and the South