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, according to USDA’s GAIN report. The report suggests that the states affected by hot and dry weather are expected to…

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.  According to data from the association, the imports hit a new record high last year increasing from 528 108 tons…

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 Varela, and all assets and liabilities related to it, including the Bocatti and Calchaquí brands, to Argentine firm BOGS. BRF…

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…