Sao Paulo | Reuters –– Brazil’s grain industry association, Abiove, said on Monday the takeover of the main railway operator America Latina Logistica (ALL) by Rumo, the logistic arm of the biggest sugar and ethanol producer Cosan, could create a monopoly and hurt competition. Cade, Brazil’s antitrust agency, is due to rule Wednesday on the […] Read more
Brazil’s grain traders fear monopoly if rail merger allowed
Brazil says key soy road won’t be paved until 2016
Brasilia | Reuters –– An important road for soy and corn shipments linking to ports in northern Brazil will not be paved until 2016, the country’s transport minister said on Tuesday. President Dilma Rousseff said last year that the highway, known as BR-163, would be ready by mid-2015 as the government tries to relieve crowded […] Read more
Brazil exported 3.3 per cent more beef in 2014, industry says
Sao Paulo | Reuters –– Brazil, the world’s top beef exporter, shipped 1.56 million tonnes of meat abroad in 2014, 3.3 per cent more than it did in 2013, industry association Abiec said on Thursday. Volumes exported were near the 2007 record of 1.62 million tonnes. Beef exports by value were a record US$7.2 billion […] Read more
Brazil regulator lifts suspension of JBS Foods’ IPO
Sao Paulo | Reuters –– Brazil securities regulator CVM on Tuesday lifted its suspension of the initial public offering for JBS SA’s processed food unit, JBS Foods, as long as the company holds off taking orders for investment until after Christmas. CVM suspended the share offering Nov. 24, after the company’s CEO breached regulations by […] Read more
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