BRF CEO Pedro Parente to leave company in mid-2019

BRAZIL - Chief Executive Pedro Parente of Brazilian meat packing company BRF SA has announced plans to leave the company and that the current Chief Operating Officer Lorival Luz would succeed him in the CEO role. According to Reuters, Parente told investors and analysts after a presentation in Sao Paulo that he will still participate…

BRF appoints new CFO as strengthens its organizational structure

BRAZIL - BRF, the Brazilian company and the biggest food companies in the world, has made changes to its organization through the election of executives to the positions of Chief Financial & Investor Relations Officer, Integrated Planning Officer and Strategy, Management & Innovation Officer. According to the company, as part of the ongoing process to…

Cargill to invest US$150m in new pectin facility in Brazil to meet market demand

USA - The global agricultural company Cargill is planning to invest US$150 million in a new pectin production facility in Brazil, South America to meet market demand for high-quality pectin. The facility will produce HM pectin, a versatile, citrus fruit-based texturizer used for jams, beverages/juices, acid dairy drinks and confectionery. According to Cargill, the project…

China agrees to lift ban on imports of German poultry meat

CHINA - China has agreed to reopen its market to imports of German poultry meat, since it had stopped imports after an outbreak of the bird flu disease in Germany, according to German agriculture minister Julia Kloeckner. Reuters reported that Kloeckner said in a statement after talks in Berlin with Chinese agriculture minister Han Changfu…

BRF to close down turkey meat production line in Mineiros

BRAZIL – BRF, one of the largets food companies in Brazil, has made plans to close down its turkey meat production line in Mineiros (GO) due to lack of market for the products. According to Business Insider, Jorge Luiz de Lima, the global vice president of the Brazilian food company's corporate efficiency, made the statement.…

Brazil’s food giant BRF names new chief executive officer

BRAZIL – BRF, one of the biggest food companies in the world, has named Pedro Parente as the new chief executive officer with the hope that the new CEO will give a successful turnaround. According to SeekingAlpha, the government commission; which approved the appointment, said the nomination of the new CEO faces no conflict of…

China imposes anti-dumping penalties on Brazil chicken products

CHINA - China has announced plans to impose anti-dumping duties on broiler chicken products imported from Brazil citing an investigation that indicated increasing imports were damaging the domestic poultry industry. Bloomberg reported that the Ministry of Commerce said that importers would now have to pay deposits of between 18.8 to 38.4% on purchases to Chinese…

Brazil to rank as world’s largest soy producer in 2018 ahead of US

BRAZIL - Brazil is set to top the list of the world’s largest soybeans producer with production estimated at 117 million tonnes, beating the United States which has been on the top rank for a long time in history, according to Abiove, the oilseeds crusher group. Abiove’s report indicates that the US is expected to…

DuPont ‘healthy’ probiotic receives approval in Brazil

BRAZIL - DuPont Nutrition and Health has received approval for its Bifidobacterium lactis HN019™ probiotic strain from the Brazilian Health Regulatory Authority (ANVISA) to market it in Brazil with a claim that the ingredient contributes to gastrointestinal health. ANVISA granted the approval after assessing four clinical trials to determine whether the strain had a positive…

Brazil coffee volumes fall as Africa’s production rise 3.2% to fill gap

UK - The world’s leading coffee producer Brazil’s total exports declined 10.5% to 2.52 million tonnes in March and this is offset by increasing coffee production in Africa and other countries, according to the International Coffee Organisation. Brazil is also said to be declining in coffee output in crop year 2017/18 estimated at 51 million…