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News in brief

BRF in $50m takeover of Universal Meats

Brazilian firm BRF, which claims to be one of the largest meat businesses in the world, has confirmed its acquisition of UK company Universal Meats for $49.5m (£34m). 

JBS chairman accused of financial crimes

Shares in the Brazilian meat company JBS have hit a 15-month low, coinciding with reports that senior figures, including the chairman Joesley Batista, have been accused of financial crimes regarding...

Mountain States Lamb buys JBS plant

The Mountain States Lamb Cooperative (MSLC) has revealed it paid $8.5m for a meat processing plant, previously owned by the Brazilian company JBS. 

EU beef market ‘fragile’

Europe’s farming body Copa and Cogeca has urged the EU Commission not to progress with bilateral free trade talks, saying they could have a “catastrophic” effect on the beef sector....

Meat packaging to enjoy near-decade of growth, report says

A report by marketing intelligence consultancy Future Market Insight (FMI) says meat packaging sales will achieve single-digit growth between now and 2025. 

US beef exports to stabilise in 2016

Uncertainty and volatility in the US beef export market will stabilise in 2016, according to a report from Rabobank.

Brazil rescues Russia’s appetite for pork

With a string of trade restrictions imposed on Russia, the country’s demand for pork has been saved by Brazil. 

Aus' and Brazil the beef exporters ‘to watch’ in 2016

Beef exporters tipped for success in 2016 include Australia, Brazil, India and the US, according to Rabobank’s global quarterly review on the beef industry.

BRF 'attentive to investment'

Brazilian food producer BRF has revealed a “strategic plan of globalisation” as its $496m acquisition of three companies across Asia, Europe and South America nears completion. 

BRF in ‘final stage’ talks with two firms

BRF is close to acquiring two more firms after buying Golden Food Siam (GFS) for $360m and said its ambitious expansion plans in Argentina and the UK have “intensified”.

News in brief

Indonesia delays WTO hearing on Brazilian chicken

Indonesia has used procedural tactics to delay the establishment of a World Trade Organisation (WTO) disputes settlement panel hearing on Brazilian claims that the south-east Asian country has  illegally blocked...

HSBC report forecasts 17% rise in meat production

Meat production is expected to grow by 17% over the coming decade, with Brazil remaining a key supplier, according to the recently released HSBC Forward Planning 2016.

Pork blights Brazil’s meat progress

November has been a strong month for Brazil’s growing meat industry. Sales of chicken and beef continue to rise but the price of pork – hit hard by a nationwide...

JBS profits rise, despite US dip

The world’s largest meat processor, Brazilian firm JBS, has reported strong sales growth in its third financial quarter (Q3), driven largely by its food division, despite struggles in its US...

Carr’s looks at investment plans

Agricultural and food business Carr’s Group has set out extensive global growth plans following its full-year results.

News in brief

Drop in price for Brazilian beef

Brazilian beef prices have fallen 28% since April due to a decline in domestic demand, according to a new Mintec report.

WTO forecasts lower global trade growth

World Trade Organisation (WTO) economists have lowered their forecast for world trade growth in 2015 to 2.8%, from the 3.3% forecast made in April, and reduced their estimate for 2016 to 3.9% from 4%.

Strong dollar hitting beef exports

The strong US dollar is having an impact on its beef trade, with high levels of imports from cheaper global markets and a 10% year-on-year to July reduction in its...

Poultry could help address Brazil’s economic woes

Poultry exports could help halt Brazil’s economic slump, experts have claimed, as its gross domestic product (GDP) looks set to sink by more than 2% this year. 

Strong outlook predicted for poultry industry

The outlook for the global poultry industry is strong, despite concerns over avian influenza (AI), according to the latest Poultry Quarterly Q3 report from Rabobank. 

Brazil: food export value falls despite meat volume growth

Brazil's meat export volume growth is failing to offset declines in general food exports, in line with its depreciating currency.

Strong second quarter for Marfrig Global Foods

Brazil’s Marfrig Global Foods, one of the world’s largest beef, lamb, poultry and fish-based food companies, has seen a strong second quarter in 2015, with a free cash flow of...

News in brief

Brazil beef industry eyes huge potential in China

Brazilian beef has a large potential market in China following the lifting of an embargo, Brazilian agriculture minister Katia Abreu has said in newspaper China Daily.

News in brief

Brazil sees higher cattle prices

Brazilian cattle market prices have risen, driven by a low supply of animals for slaughter, according to analysis from CEPEA, the research centre of the University of São Paulo. ...

Marfrig reveals progress on sustainability

A pledge to end slave labour in the supply chain and increased use of biomass energy production are among the areas covered in Marfrig Global Foods’ 2014 annual sustainability report.