Brazil’s JBS SA will acquire Marfrig Alimentos SA’s local poultry and pork unit for US$2.75 billion in assumed debt, further extending its reach beyond its core beef business in a deal that throws a lifeline to its financially strapped rival. The takeover of Marfrig’s Seara-branded Brazilian processed foods business should vault JBS, already the world’s
JBS expands poultry push with Marfrig deal
Forecasters make deep cuts to Brazil grain outlook
The outlook for soy production in Brazil darkened further on Feb. 27 after public and private forecasters cut their harvest outlooks for the world’s No. 2 grower again from predictions provided in recent weeks. A harsh drought in the south of the country has stressed this year’s soy and corn crops, thanks in part to
Brazil To Slash Fertilizer Imports
Brazil will slash imports of nitrogen and phosphate in the next five years as local deposits are mined, but the farming giant will still depend on foreign miners for potassium, industry officials said on July 12. A forecast produced by the National Association of Fertilizer Distributors (ANDA), estimated Brazil’s consumption of these inputs would reach
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