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TheBeefSite Latest News: Brazil

02 July 2021

Brazil beef exports to US rise amid China-Australia trade spat
Strained trade relations between China and Australia have prompted Chinese importers to buy more US beef, making room for Brazil to increase exports to the United States, trade data show....

01 July 2021

Brazil's JBS brings forward goal of eliminating deforestation in supply chain
Brazilian meat company JBS SA , the world's second largest food producer, said on 30 June it aims to eliminate illegal deforestation from its supply chain by 2025, moving up its previous goal for doing so by five years....

30 June 2021

Bill curtailing indigenous land rights advances in Brazil's Congress
A bill allowing commercial agriculture and mining on protected tribal reservations in Brazil advanced in Congress on Tuesday 29 June in what indigenous leaders said could be the biggest setback since their land rights were guaranteed in the 1988 Constitution....

22 June 2021

Brazil considers law to track cattle suppliers as part of efforts to curb deforestation
Brazil, home to the world's largest commercial cattle herd, will propose a new law to track cattle suppliers that sell animals to meat producers like JBS and Marfrig, as ranching is a key driver of deforestation....

14 June 2021

Brazil's Amazon deforestation surges 67% in May as Bolsonaro pledges fall flat
Deforestation in Brazil's Amazon rainforest rose for a third consecutive month in May, preliminary government data showed on Friday 11 June, with President Jair Bolsonaro yet to follow through on his April pledge to boost funding for environmental enforcement....

11 June 2021

Brazil's imports of Argentine corn start to arrive
The first shipments of Argentine corn have begun to arrive in Brazil to where a national crop failure, record high prices and high demand from the meat industry has made companies such as BRF Brasil Foods SA and JBS SA turn to imports....

07 June 2021

JBS Fund for the Amazon approves 6 new projects
The Fund for the Amazon has invested 50 million reais in six new projects that will provide incentives for production chains like cocoa, açaí, and pirarucu, as well as platforms for access to credit and business consulting that could raise family incomes...

03 June 2021

Brazil finalizing rule to pay farmers to preserve land
The Brazilian government is finalizing legislation that will allow farmers to get paid to preserve undeveloped rainforests and savannah, Agriculture Minister Tereza Cristina Dias said during an online event....

Shares in Brazil’s BRF soar after Marfrig seeks antitrust approval for BRF stake
Shares in Brazilian pork and poultry processor BRF SA closed up nearly 10% on 1 June after beef producer Marfrig Global Foods SA asked antitrust watchdog CADE to approve its purchase of almost a quarter of BRF's stock....

02 June 2021

A court in Brazil rules that JBS must pay damages over COVID-19 outbreak
A court in Brazil ordered JBS SA, the world's largest meat processing company, to pay 1 million reais ($194,000) in damages over its failure to take measures to protect workers from a COVID-19 outbreak....

Brazil’s Marfrig seeks antitrust approval for its purchase of BRF shares
Brazilian beef producer Marfrig Global Foods has formally asked antitrust watchdog CADE to approve its purchase of almost a quarter of BRF's outstanding stock....

26 May 2021

Brazil’s securities regulator accuses Marfrig CEO of insider trading
Brazilian securities regulator CVM has accused Marcos Molina, the chief executive of Brazilian meatpacker Marfrig Global Foods SA, of the "misuse of privileged information" involving Marfrig shares before a filing in April 2018, according to a document...

24 May 2021

Marfrig becomes BRF’s top shareholder after buying $800 million stake
Brazil’s Marfrig Global Foods announced that it purchased almost a quarter of Brazil’s BRF SA’s outstanding shares....

21 May 2021

These nine ground-breaking innovations could transform South America's agriculture sector
The Animal AgTech South America Summit, being held virtually from 30 June to 1 July, will showcase the latest innovations in livestock farming, including offerings from nine start-ups that could transform the industry....

20 May 2021

Shares of Brazilian meatpackers slide on Argentina beef export ban
Shares in Brazilian meatpackers slid on 18 May after their operations in Argentina were hit with a 30-day beef export ban in that country, as Buenos Aires struggles to rein in rampant inflation....

14 May 2021

Brazil meatpackers JBS and BRF report being stung by feed costs in the home market
Brazilian meatpackers JBS SA and BRF FA acknowledged that they are struggling to pass on higher feed costs to consumers in their home market, but JBS sounded had a more bullish tone given its big US exposure....

13 May 2021

JBS swings back to profit in first quarter on strong US meat business
JBS, the world’s largest meatpacker, returned to profitability in the first quarter thanks to the strong performance of its US meat operation, it said in an earnings statement on 12 May....

Drought conditions are hitting Brazil’s latest corn crop, potentially squeezing meatpacker margins
Dry weather and poorly timed planting are weighing on Brazil's second corn crop this year, reviving fears of another surge in feed prices like the one that battered big meatpackers after a 2016 drought....

30 April 2021

New blockchain platform developed by JBS launches
New development allows suppliers of JBS to register their own suppliers to enable compliance with the socioenvironmental criteria for breeding beef cattle in the Amazon Biome....

27 April 2021

Brazil’s meatpackers turn to wheat as a feed alternative as corn prices surge
Large Brazilian meatpackers are embracing wheat as they try to fend off a rise in the cost of corn, the main livestock feed ingredient....

22 April 2021

Brazil’s meat lobby says new tariff waiver allows cheaper corn imports from US and Ukraine
Brazil’s decision to temporarily waive tariffs on grain imports could pave the way for cheaper corn from the Ukraine and US that could undercut Mercosur-based grain growers, says ABPA leader....

21 April 2021

Brazil's JBS expands into plant-based protein with Vivera acquisition
JBS has purchased Vivera, Europe’s third-largest plant-based protein producer for €341 million, to appeal to those who want to eat less meat. ...

20 April 2021

JBS invests $301 million to upgrade meat plants in Brazil
Meat packing giant JBS SA will invest $301 million (1.7 billion reais) between 2021 and 2023 to update seven meat processing plants in Southern Brazil....

13 April 2021

Brazil’s beef packers halt production as cattle prices skyrocket and demand shrinks
Brazilian beef packers are suspending production in selected locations, as a rise in costs that cannot be passed through to consumer prices have squeezed their margins....

08 April 2021

2020 a “dire” year for Amazon deforestation, says new data
Deforestation in the Amazon, the world’s largest rainforest, rose by 17% last year, with wildfires, agriculture and logging as the main sources....

07 April 2021

Land management strategies could be the key to cutting climate emissions
New research that assessed 12 different strategies for reducing climate emissions from beef production found that using improved ranching management practices could lead to a 50% reduction in emissions in some regions....

26 March 2021

JBS strikes a positive tone on China meat imports outlook
Brazilian meatpacker JBS SA anticipates strong demand for meat this year from China as ASF troubles linger....

25 March 2021

JBS’s fourth-quarter profits were bolstered by weak currency and strong demand from US and Chinese markets
Brazilian meat processor JBS SA's fourth-quarter profit rose 65% from a year earlier, boosted by strong food sales in China and the United States and a sharp devaluation of Brazil's real currency, the company said in a securities filing on Wednesday 24...

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