São Paulo – Brazil’s Marfrig meat company said this Monday (9) that it acquired a 51% stake in the National Beef Packing Company, the fourth biggest player in the United States industry. The Brazilian company said in a press release that the deal was worth USD 969 million. With a capacity to slaughter 12,000 head
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Jan is shipping fertilizer sprayers and plans on breaking into other Arab markets. The company has four manufacturing units in Rio Grande do Sul.
Over 1 million tons were shipped in the period, a decline of 5.6% over the same period of last year.
The coordinator of FGV’s Agribusiness Center provided data during the panel on Food Security and Logistics at the Brazil-Arab Countries Economic Forum.
In the first two months, the country imported 12,400 tons of the product. Consumption during Easter could increase up to 30%.
In an interview to ANBA, the minister of Agriculture, Blairo Maggi, said that Brazil could provide the necessary supply for the region’s food security.
The Arab country refuses to stun chickens with electric shocks prior to slitting their throats, but Brazilians argue that the method is in line with religious and sanitary requirements. A mission will go to Riyadh this weekend.
According to the minister of Agriculture, 90% of the water used in farms is rainwater and only 10% comes from irrigation systems.
According to the minister of Agriculture, 90% of the water used in farms is rainwater and only 10% comes from irrigation systems.
The National Supply Company changed its 2017/2018 harvest estimate, and the Brazilian Institute of Geography and Statistics its 2018 prediction. Still, output should drop from last year’s record numbers.
Companies attending Expodireto Cotrijal are interested in selling to the region. The Arab Chamber is at the Rio Grande do Sul trade expo and is planning joint actions with Não-Me-Toque city hall to boost exports.
The region accounted for 23% of foreign sales by the Brazilian meat company last year, up 21% from 2016, and Minerva reports that consumption there is increasing.
Sales from Brazil increased in 2017 from 2016, whereas total foreign sales of milk-based products slid. Exports to Saudi Arabia weakened, but Algeria resumed buying Brazilian product.
The year’s first forecast expects Brazil to harvest 14.5 million tons less than in 2017 regarding cereals, legumes and oil seeds.
