GFM Network News

JBS expands poultry push with Marfrig deal

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

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