Tag: Brazil

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

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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

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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

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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

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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

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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

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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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Bunge adopts satellite technology to bolster soybean traceability in Brazil

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US – American agribusiness and food company Bunge has adopted satellite technology to monitor soybean crops in the Brazilian Cerrado, one of the high-risk areas of deforestation in Brazil. Dubbed Bunge Sustainable Partnership, the initiative is part of Bunge’s global non-deforestation policy aimed at achieving deforestation-free value chains worldwide by 2025. The program will help partners implement supply chain verification systems, including satellite and farm-scale images. Bunge says it uses data from Brazil’s Rural Environmental Registry (CAR) at scale to obtain accurate information about the dimensions of the properties and…

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Coca-Cola System Brazil to produce alcoholic beverages in new partnership with Heineken

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BRAZIL – The Coca-Cola system in Brazil will produce and distribute alcoholic beverages beers in HEINEKEN’s portfolio as from Mid-2021. This is part of a recent redesign of a longstanding distribution partnership between Heineken, The Coca-Cola Company, and the Coca-Cola system in Brazil. Heineken in a statement said that the Agreement marks a new milestone in the relationship among the companies. The agreement, according to the brewing major, allows the parties to better serve consumers and customers in the Brazilian market with a solid portfolio, building on the positive momentum…

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Brazilian meat company BRF unveils new 10-year plan, plans to invest US$10.7B in market expansion by 2030

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BRAZIL – BRF, a leading Brazil meat company has unveiled a new 10-year plan christened Vision 2030 where it intends to invest more that BRL 55 billion ($10.7 billion) over the next decade, in order to grow its business. The bold move is in an attempt by one of the biggest food companies in the world to expand its international presence, cement its leadership with high-added value brands and provide increased return. In its new 10-year plan, BRL has also set a goal to more than triple its revenue, aiming…

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Meat processor JBS to monitor its supply chain by 2025 over claims of Amazon deforestation

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BRAZIL – JBS, the world’s largest meat processing company, has announced that it will monitor its entire supply chain by 2025, to ensure the traceability of the tens of thousands of cattle it processes every day in Brazil, following intense pressure from both investors and activists over its environmental record. JBS has long faced criticism from non-governmental organisations for not doing enough to ensure that cattle coming from indirect suppliers, ranchers that provide animals to JBS’s direct suppliers, are not being raised on illegally deforested Amazonian lands. In July Nordea…

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