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 – 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 - 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 - 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…
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…
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…
USA - The global agribusiness and food company has filed a registration for a potential public offering of its sugar and ethanol business, Bunge Açúcar & Bionergia with the Brazilian Securities Commission. With the listing which is subject to market conditions and valuations, Bunge plans to operate the business as a stand-alone entity after obtaining…
USA - BRF S.A, the Brazilian food company has registered a loss of US$32 million in the quarterly results despite rising domestic sales citing a difficult trading environment especially after trade bans imposed by Russia and Europe on Brazilian meat products. As a result of trade bans, the company was forced to send workers on…
MEXICO - Corona, the most valuable brand in Latin America, has overtaken Brazil's Skol, which has held the title for the past two years, according to the sixth-annual BrandZ Top 50 Most Valuable Latin American Brands. Corona took the top spot in the ranking after seeing an 8% brand value growth to US$8.3 billion, edging…
BRAZIL - Kice Industries Inc., the American company that designs complete industrial air systems and builds equipment and Brazilian grains industry equipment provider Sangati Berga have announced the signing of an agreement to form a strategic alliance between the two companies. Sangati Berga deals with production and commercialization of machinery and installations, cereal processing, animal…
