Sao Paulo | Reuters — JBS SA has scrapped a program to move some operations outside Brazil after a government agency vetoed the move, sending shares of the world’s biggest beef exporter tumbling and dealing a blow to a plan to become a global food processing powerhouse. In a Wednesday securities filing, Sao Paulo-based JBS […] Read more
JBS scraps reorganization after Brazil veto
Brazil truck strike grinds into second week, port access cleared
Sao Paulo | Reuters — Truckers staged nearly 100 roadblocks across Brazil’s farm belt on Wednesday as protests stretched into their eighth day, though access to the country’s biggest port was cleared after police clashed with protesters who had briefly halted traffic there. The steadily widening blockades have sparked growing fuel and supply shortages and […] Read more
World’s Biggest Meat Packer Finally Listening To His Mom
Reading Time: 3 minutes Wesley Batista is likely to take a little less heat from his mother from now on. The 40-year-old chief executive of the world’s biggest meat producer, Brazil’s JBS, says his mother is always complaining that the family business was buying too many companies in its zeal to expand. “My mom for years has been saying, […] Read more
South American Crops To Test Storage
Reading Time: 2 minutes The record soybean crops that are fast approaching harvest in Latin America will put the Southern Cone region’s infrastructure to the test, more so in Brazil than in Argentina. Isolated harvesting in the world’s No. 2 soybean grower Brazil has already started in the centre-west, the main soy-growing region which has some of the greatest […] Read more
Brazil Becomes Even More Of A Meat Business Powerhouse
Reading Time: 2 minutes Brazil’s rich farmlands and the growing power of the country’s consumers helped JBS turn itself into the world’s largest meat company and will fuel further global growth by Brazilian food companies. JBS, which started out half a century ago as a butcher’s shop and was little known until a few years ago, said this month […] Read more
Cyber-Savvy Farmer
