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Wednesday, May 27, 2020
Major Brazilian meatpackers approved for beef export to Thailand
Brazilian-based Minerva, Marfig Global Foods, JBs, as well as two other unlisted companies have been approved to export beef to Thailand, Reuters reported.
Wednesday, May 27, 2020
Brazil's meatpackers get green light for beef export to Thailand
JBS SA, Marfrig Global Foods, Minerva Foods and two other Brazilian meatpackers have won approval to allow entry of beef into Thailand, Reuters reported.
Tuesday, May 26, 2020
Brazil to commence beef export to Thailand
The Agriculture Ministry of Brazil announced Monday that Thailand has agreed to take Brazilian beef imports, the second agricultural deal the two countries have agreed in two weeks, according to Reuters.
Friday, May 22, 2020
COVID-19 cases reported at Marfig and Minerva's Brazil beef plants but both remain operational
Brazilian based Marfig Global Foods and Minerva SA have reported positive COVID-19 cases among its cattle plant workers, but operations continue as normal, Reuters reported.
Monday, March 30, 2020
China imports additional Brazilian beef in March
Industry sources said China, the biggest purchaser of Brazilian beef, is buying more after low purchase numbers in January and February 2020 because of COVID-19, reported Reuters.
Thursday, March 19, 2020
Brazil beef company JBS shareholders seek US$271 million in damages
Arbitration proceedings have begun against JBS over claims the company misled shareholders after its initial public offering (IPO) in Brazil in 2017, reported Reuters.
Tuesday, March 3, 2020
US beef industry concerned over USDA liftingban on Brazilian beef imports
The US Department of Agriculture (USDA) lifted a ban on imported fresh beef from Brazil imposed in 2017, raising concerns as Brazilian beef costs 30% less than US meats, reported Arkansas Democrat Gazette.
Monday, March 2, 2020
US beef producers oppose re-entry of Brazilian beef over safety concerns
US beef producers have expressed "serious concerns" about the re-entry of Brazilian beef to the US market. The US Department of Agriculture made the decision to allow Brazilian beef imports on Feb. 21.
Friday, February 28, 2020
Rabobank: Brazil beef exports to China expected to fall due to COVID-19
February 28, 2020 Rabobank: Brazil beef exports to China expected to fall due to COVID-19 According to a Rabobank report, the COVID-19 outbreak that has caused transport restrictions across China will impact Brazil's beef exports to China i ...
Thursday, February 6, 2020
Brazil trade group Abiec says China demand has increased beef exports
February 6, 2020 Brazil trade group Abiec says China demand has increased beef exports January's Brazil beef exports is up 9.84%, totalling 135,375 tonnes and generating US$633.25 million in sales, reported Reuters. Antônio Camardelli, Abie ...
Wednesday, January 22, 2020
Beef importers in China looking to renegotiate Brazil beef prices
January 22, 2020 Beef importers in China looking to renegotiate Brazil beef prices According to Brazilian newspaper Folha de S.Paulo, importers from China are declining to pay for beef shipments exported from Brazil, negotiating discounts a ...
Friday, January 17, 2020
Brazilian beefpacker Minerva SA announces US$327 million share offering
January 17, 2020 Brazilian beefpacker Minerva SA announces US$327 million share offering The company's plans to sell 80 million new shares in the new offering, which could raise up to 1.368 billion BRL (~$327 million) and push Minerva's sha ...
Monday, January 13, 2020
Brazil's beef exports push country's consumer inflation beyond central bank target
Government statistics agency IBGE said higher meat prices have pushed consumer prices in Brazil higher than normal last year, surpassing economists' forecasts, reported Reuters.
Monday, January 13, 2020
Brazilian meatpacker JBS opens new domestic beef plant
Renato Costa, chief executive officer of its beef division Friboi said the new JBS beef plant in Mato Grosso state will cater to the Brazilian market, as domestic prices have continued to increase, reported Reuters.
Monday, December 16, 2019
Brazil's Marfrig says demand from China will keep beef prices high in 2020
December 16, 2019 Brazil's Marfrig says demand from China will keep beef prices high in 2020 However, the Brazilian meatpacker said prices next year won't be as high as current levels, reported Reuters. Marco Spada, Marfrig Global Foods CFO ...
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