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Tag Archives Minerva

Markets, News

Brazil firm laments zoonotic trade blocks

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Reuters – Unreasonable animal health risk assessments continue to hamper global meat trade, according to Joao Sampaio, the director of institutional affairs at Brazilian beef processor Minerva. In statements July 26, Sampaio cited Turkey, which refuses to import Brazilian beef due to foot-and-mouth disease worries, but does buy live cattle from the country, “…which is
A tract of Amazon jungle burns as it is cleared by farmers at Rio Pardo in Brazil’s Rondonia state on Sept. 15, 2019. (File photo: Reuters/Ricardo Moraes)
Beef cattle, Livestock, Weather

Brazil’s JBS bought 301,000 cattle from ‘irregular’ farms in Amazon, audit finds

Prosecutors 'negotiating improvements' with companies

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Sao Paulo | Reuters — Nearly a third of the cattle bought by JBS SA in the Brazilian Amazon state of Para came from ranches with “irregularities” such as illegal deforestation, prosecutors found in a 2020 audit of the world’s largest meatpacker released on Thursday. In a presentation, federal prosecutors said they were “negotiating improvements”
(JBSS.infoinvest.com.br)
Beef cattle, Livestock

Brazil blocks JBS deal, seeks asset freeze

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Brasilia | Reuters — A Brazilian judge has blocked JBS SA’s planned sale of a South American unit while the attorney general’s office urged the company’s assets be frozen, in signs of fallout from a corruption probe involving the controlling shareholders of the world’s No. 1 meatpacker. Federal Judge Ricardo Leite blocked JBS’s US$300 million sale
(JBSsa.com)
Livestock

JBS says Pilgrim’s Pride stake not for sale

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Chicago | Reuters — Brazilian meat packer JBS SA’s core U.S. assets, including its majority stake in Pilgrim’s Pride Corp., are not for sale, the company said on Wednesday, a day after announcing a deal to sell Argentine operations. U.S. chicken company Pilgrim’s Pride is critical to JBS’ long-term strategy of pursuing business opportunities that
(JBSs.infoinvest.com.br)
Livestock

JBS sells LatAm units to Minerva

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Sao Paulo | Reuters — JBS SA has agreed to sell plants in Argentina, Paraguay and Uruguay to rival Minerva SA for US$300 million, as the world’s largest meatpacker seeks cash to weather a corruption scandal that caused a spike in funding costs. JBS will use proceeds from the transaction to cut debt, according to

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