JBT to acquire food safety solutions provider Prevenio as Tate & Lyle expands presence in Brazil’s fruit preparations market

US – JBT Corporation, a leading American food processing machinery and airport equipment company, is set to acquire Prevenio, a US-based provider of food safety solutions in an effort to become the preferred provider of full-line solutions for poultry customers.  Prevenio, formerly known as CMS Technology, offers pathogen protection through its anti-microbial delivery solution that enhances food safety and integrity for its clients in the protein and produce markets.  Its solutions are primarily tailored for the poultry industry where it has expertise in providing breakthrough solutions to prevent foodborne illness from entering the supply chain.  The acquisition made at a…

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IFF launches new solution to support clean label baking in South America

BRAZIL- IFF, a leading food ingredient supplier, has unveiled a new, innovative bakery solution aimed at helping South American bakers produce clean label bread and pastries.  Known as GRINDSTED® POWERBake Clean, the new solution is a blend of soy lecithin, enzymes, and natural soluble fiber and is an alternative to the dough strengtheners currently used in bread formulations. Its use, therefore, makes it possible to avoid the use of oxidizing agents that are traditionally used in bakery, some of which have names that consumers are unfamiliar with.  Hopping on the clean label bandwagon  With IFFs new ingredients,…

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Beef processing giant Marfrig increases stake in Brazilian peer BRF to 31.66%

BRAZIL – Marfrig Global Foods, the world’s second-largest producer of beef after JBS, has increased its stake in BRF to 31.66% in an effort to diversify its holdings. BRF is one of the biggest food companies in the world, with over 30 brands in its portfolio, among them Sadia, Perdigão, Qualy, Paty, Dánica and Bocatti. The Brazilian company has a presence in more than 130 countries across the globe and reported revenues of US$7.82 billion in 2020. The acquisition of additional stake in BRF comes two weeks after Marfrig revealed…

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JBS to invest US$351m in expanding Brazilian poultry production capacity to meet market demand

BRAZIL – JBS, a Brazilian company that is the world’s largest processor of fresh beef and pork, has announced an investment of BRL 1.85 billion (approximately $351.5 million) to expand its production capacity in Paraná, southern Brazil. The meat processing giant said that the investment will be made over the next five years and aims to expand capacity in one of Brazil’s biggest poultry-producing states. As part of the project, JBS plans to construct a new prepared foods factory in the state, as well as modernise and expand its current…

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China soybean imports from US surge in March as Brazil temporarily halts import duties to curtail inflation

CHINA — China’s soybean imports from the United States in March increased 320% to 7.18 million tonnes as delivery from the world’s top soybean exporter Brazil delayed due to weather related interruptions. As a result of the delays, occasioned mainly by rain, imports from Brazil dropped 85% in March to 315,334 tonnes from 2.1 million tonnes in the same month in 2020. This, according to a report by Reuters, was the lowest monthly import total from Brazil since January 2017. Darin Friedrichs, senior analyst at StoneX, told Reuters the high…

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Attractive prices lure Brazilian farmers to corn cultivation, production expected to hit 105m tonnes

BRAZIL — Despite a smaller-than-expected first crop and delayed planting of second, Brazil corn produce is expected to reach a record 105 million tonnes in the 2020-21, according to a Global Agricultural Information Network (GAIN) report from the US Department of Agriculture (USDA). USDA in its report noted that corn production is expected to increase thanks to elevated domestic demand and record-setting prices which make the crop more attractive to Brazillian farmers. The Agency attributes boosted domestic corn prices to strong demand from the poultry and livestock sectors, the growing…

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Cargill sells stake in Alvean joint venture to Brazilian partner Copersucar

BRAZIL – Agricultural commodities trading giant, Cargill has agreed to offload its 50% stake in the Alvean sugar trading joint venture to its Brazilian partner and world’s largest sugar and ethanol company, Copersucar. Upon completion of the transaction, Cargill will exit the global sugar trading business, in line with its strategic goal of focusing more on its core food, agriculture, and trading businesses. The agricultural commodities traders however say that it will remain active in both global commodity trading as well as the sugar ingredient business in Brazil, Mexico, and…

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JBS, ADM double down on sustainability commitments in new push towards achieving carbon neutrality

BRAZIL – Food multinational companies, JBS and ADM have made new sustainability commitments as part of efforts aimed at ridding their processes of carbon emissions which have been associated with environmental pollution and climate change. On its part, JBS, which is the world’s largest processor of fresh beef and pork, has committed to achieving net-zero greenhouse gas emissions by 2040. The company says it supports its commitment with an investment of more than US$1 billion over the next decade. The commitment spans the company’s global operations including Pilgrim’s Pride, as…

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Carrefour to acquire Walmart’s Grupo Big to strengthen retail presence in Brazil

BRAZIL – French retail giant, Carrefour has agreed to purchase Brazil’s third biggest food retailer Grupo Big from Walmart and investment firm Advent International in an effort to strengthen its presence in the South American country.  The deal which is reported to value the company at 7 billion reais (about US$1.25 billion) will expand the Carrefour’s footprint in regions where it has limited penetration such as the northeast and south of the country. By combining the groups, the retailer claims it will be able to offer a broader range of…

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Aleph Farms partners BRF to bring sustainable alternative protein to meat-loving Brazil

BRAZIL – The meat-loving nation of Brazil will now have an opportunity to taste a sustainable alternative to their preferred animal protein thanks to a new partnership between Israeli cultured meat startup Aleph Farms and Brazilian meat and food company BRF. According to a report by FoodBev, the two companies will partner to co-develop and produce cultivated meat using Aleph’s patented production platform BioFarm. BRF’s partnership with Aleph and subsequent entry into the alternative protein market is unprecedented as the company is one of the world’s largest producers of animal…

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