Lactalis closes deal for Brazilian dairy company Itambe Alimentos

BRAZIL – French dairy group, Lactalis through its subsidiary Lactalis do Brasil has completed acquisition of Brazilian dairy processor, Itambé Alimentos SA. With the deal whose financial details were not disclosed, Lactalis said it would […]

Brazilian meat companies BRF and Marfrig end possible merger talks

BRAZIL – Brazilian meat processors, BRF SA and Marfrig Global Foods SA have called off negotiations for a possible merger as announced in May this year. The companies which were set to combine operations to […]

Emmi increases stake in Brazilian dairy company Laticínios Porto

BRAZIL – Swiss dairy processor, Emmi has increased its stake in the Brazilian dairy manufacturer Laticínios Porto Alegre Indústria e Comércio S.A from 40% to 70%. The acquisition which is subject to regulatory approval gives […]

Brazilian meat processors BRF and Marfrig in merger talks

BRAZIL – Brazilian food processors BRF SA and Marfrig Global Foods SA have entered talks to merge their companies, creating one of the largest meat giants in the world. According to Bloomberg report, the deal […]

McCain Foods acquires 70% stake of Brazilian food company Serya

BRAZIL – McCain Foods, a leading manufacturer of frozen potato products has acquired 70% stake of Serya Alimentos S.A., a Brazilian company focused on the production and marketing of frozen potato specialties. The investment expands […]

Brazil soybean forecast to rebound 9% despite low China demand

USA – Brazilian soybean production is expected to increase by 9% to 124 million tonnes compared to the previous year despite low demand from China. According to Global Agricultural Information Network (GAIN) report from the […]

Brazil soybean production to fall to 115.5 tons from hot and dry weather

BRAZIL – Brazil soybean production in the year 2018-19 is estimated to reach 115.5 tonnes, down from the record 120.3 million tonnes a year ago as a result of drought conditions in key producing areas, […]

Poultry association calls for interventions as SA chicken imports hit new record

SOUTH AFRICA –  The South African Poultry Association (SAPA) has called for more interventions o protect the local poultry industry as chicken imports hit 538 434 tonnes in 2018 putting more pressure on domestic market.  […]

BRF sells Argentine subsidiary Campo Austral for US$35m

USA – The Brazilian meat processing company, BRF SA has sold its wholly-owned Campo Austral business in Argentina for US$35 million, completing its asset sale in the country. The sale involves the facility in Florencio […]