Brazil growers will reap healthy profits from the 2010-11 grain crop, despite the high cost of getting goods to port, because strong demand from China is supporting prices, consultants MB Associados said. Despite the downward correction in world commodities prices in the past week, futures prices of commodities from grains to iron ore are still
China Food Demand Boosts Brazil Growers’ Profits
Tractors Moving Faster In Brazil With Cheap Loans
Farm machinery sales in Brazil should recover in 2010 from a crisis-driven slump, as producers take advantage of state-subsidized loans to renew equipment or mechanize for the first time. The government of the South American agricultural powerhouse introduced subsidized loans for the purchase of machines like tractors and harvesters in an effort to staunch an
Brazil’s JBS Drops U. S. National Beef Bid
Brazil’s JBS, the world’s largest beef producer and owner of JBS-Swift, has abandoned its attempt to take over U. S. meat company National Beef Packing Co., saying it could not work out an agreement with U. S. authorities over terms of the deal. JBS became the No. 3 U. S. beef producer in 2008 when
Brazil looking northward for wheat
Brazilian flour mills may turn to the United States, Canada or even Russia to import wheat, industry sources said Jan. 26, after Argentina blocked exports to ensure domestic supplies following a poor harvest. Brazil is the top buyer of wheat grown by its southern neighbour. But a source at Argentina’s government farm export office, ONCCA,
Credit crisis slaughters Brazil packers’ expansions
“In some cases, slaughterhouses couldn’t support the speed of their expansion, on top of which there may have weighed management problems.” – Marcio Vieira, Pricewaterhouse Coopers The foreign acquisitions, record exports and expansion of slaughtering and processing capacity for beef in the past years is over for Brazilian meat packers. As in many other industries
Burdened oil nations seek cheaper Brazil chicken
Major oil-producing countries, which are among the top buyers of Brazil’s chicken, aim to pay less for it from 2009, a Brazilian poultry industry source said on Nov. 6, to cut spending after crude prices halved. Buyers have not cancelled any contracts, said the head of the Brazilian Association of Chicken Producers and Exporters, Francisco
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