Brazil's JBS SA, the world's largest meatpacker, said on Tuesday that divisions that process chicken and pigs lifted its results, including poultry unit Pilgrim's Pride, JBS USA Pork in the U.S., and Seara in Brazil.
JBS posts profit as chicken and pigs make up for beef slump
Brazil beef output to hit record in 2024, Conab says
Sao Paulo | Reuters – Brazil’s beef production is expected to reach a record 10.19 million metric tons in 2024, national crop agency Conab said on Thursday, a 7.1 per cent year-on-year increase that would eclipse the current all-time high set in 2006. Beef exports from the South American country are seen reaching 3.44 million
Brazil floods hit food silos, disrupt routes to major grains port
Heavy flooding in southern Brazil has hit food storage facilities in lower areas while hampering the shipping of grains to port, jeopardizing the nation's exports and wreaking havoc to the economy of Rio Grande do Sul state, a large soy, rice, wheat and meat producer.
El Nino worries Brazil soy farmers as planting progresses, grain lobby says
Dry weather has pushed back planting
Sao Paulo | Reuters — Soybean farmers in top growing state Mato Grosso worry that scarce rains and high temperatures will lead to replanting of some areas while lowering yields in others, local grain farmer lobby Aprosoja-MT said Thursday. The unusual heat and dryness has been linked to the El Nino weather pattern, which is
Brazil’s JBS reboots plan to list shares in New York
International meat packer hopes for access to lower-cost capital
Sao Paulo | Reuters — JBS SA, the world’s largest meat packer, on Wednesday proposed listing its shares in New York, hoping the move will bring its multiples closer to peers and that a broader investor base will give it more access to cheaper capital, sending its shares up eight per cent in mid-morning trade.
Brazil corn exports to China nosedive as soy season kicks off
Reuters – Brazil’s corn exports fell sharply in February as soybean shipments took centre stage and Chinese buyers turned to countries like the United States and Ukraine for supplies. According to revised Brazilian trade data, the country’s corn sales to China were 70,000 tonnes last month, down from 983,700 tonnes in January and more than
Beef consumption to rise in China, JBS predicts
China seen as more competitive in domestic chicken, pork markets
Sao Paulo | Reuters — Demand for beef in China is expected to rise as the country still has relatively low per capita consumption, Gilberto Tomazoni, chief executive of JBS SA, said on Wednesday during a business conference. He said Brazil and the U.S., where JBS has meat facilities, are well positioned to meet China’s
Drought hits Brazil corn in key southern state
Reuters – A drought is compromising corn fields in Brazil’s Rio Grande do Sul state, which is now expected to produce 4.51 million tonnes of the cereal, according to a forecast by StoneX on Dec. 15. The revised output figure is less than a previously forecast 5.38 million tonnes of corn production for the state
Brazil’s second corn crop threatened by dry April
Reuters – Brazil’s top grain-producing state is facing its driest April in 17 years, threatening a key second corn crop in the agricultural powerhouse, weather service EarthDaily Agro said. Accumulated April rainfall in Mato Grosso state totalled 30 millimetres (1.18 inches), 70 per cent below the average for the last decade, EarthDaily Agro, which monitors
Potash importers brace for prolonged price rally after sanctions on Belarus
Prices are already at a 13-year high and U.S. sanctions will likely fuel further rises
Reuters – Global potash prices are set for an extended rally after the United States imposed sanctions on major supplier Belarus Potash Company (BPC), piling more pressure on farmers and consumers already facing rocketing costs and a global economy navigating rising food inflation. Prices were already at 13-year highs before the U.S. move on Dec.
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