Argentina

Wesley Batista is the billionaire CEO of JBS

JBS rival Minerva Foods closes $300m takeover

By Oscar Rousseau

Downsizing at the world’s biggest meatpacker JBS is fully under way after its rival, Minerva Foods, closed a $300m acquisition of beef assets in Argentina, Paraguay and Uruguay.

Marel said it saw 'great' long-term potential in Brazil's meat industry

Marel taps into Brazil with Sulmaq acquisition

By Oscar Rousseau

Marel will acquire Brazilian meat processing solutions provider Sulmaq for an undisclosed sum as it sees “growth potential” in South America’s food production industry. 

JBS will now proceed with its $300 asset sale to Brazilian rival Minerva

Court lifts JBS asset freeze

By Oscar Rousseau

JBS has had its ban on the sale of assets to rival Minerva lifted by a Brazilian court, as the world’s largest meatpacker copes with the fallout from a corruption scandal. 

World Steak Challenge will return again in 2018

World Steak Challenge – in pictures

By Oscar Rousseau

Don’t miss these pictures from our third World Steak Challenge, which welcomed beef producers from 17 countries, entering what they believed were the greatest sirloin, rib-eye or fillet steaks in the world.

Global pork prices were boosted by rising import demand in Asia

Meat prices rise for sixth month in row

By Oscar Rousseau

Global meat prices have increased every month this year up to June, according to the Food and Agricultural Organization’s (FAO) Food Price Index.

Wesley Batista has stayed on at JBS but his brother, Joesely, has left

JBS to appeal blocked $300m asset sale

By Oscar Rousseau

JBS plans to launch an appeal after a Brazilian judge blocked its sale of meat firms in Argentina, Paraguay and Uruguay to rival Minerva in a nine-figure deal.

JBS wants to reduce debt and shrink its leverage

JBS announces major asset sale to cover debt

By Oscar Rousseau

Brazilian meatpacker JBS has put a string of its assets, including Northern Irish poultry firm Moy Park, up for sale to raise R$6bn ($1.8bn) to pay off debt.