Billionaire Butchers Eye More Power on Grocery Shelves With US Debut
When American shoppers toss chicken breasts or ground beef into their carts, there's a high chance the meat was handled by a Brazilian company most have never heard of.
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Yahoo
an hour ago
- Yahoo
Saudi Arabia, Chile to resume poultry imports from Brazil, memos say
(Refiles to fix headline to say "memos" in the plural) By Ana Mano SAO PAULO (Reuters) -Saudi Arabia has lifted a ban on poultry imports from Brazil's southernmost state of Rio Grande do Sul, where an outbreak of bird flu was reported on a commercial poultry farm in May, according to an Agriculture Ministry memo issued on Thursday and seen by Reuters. Chile, which had also imposed trade restrictions after the outbreak, has also agreed to resume buying Brazilian poultry products produced after August 9, according to a separate document sent from Chile to Brazilian authorities. Chile will be open to importing Brazilian fertile eggs, one-day chicks, fresh chicken and processed products, according to the document, which was issued on Thursday following a visit by Chilean officials to Brazil last week. The document also says that Chilean authorities recognize Rio Grande do Sul state as free of Newcastle disease, which is a highly contagious and viral disease affecting birds, like avian flu. Earlier in the day, executives at Brazilian food processor BRF welcomed the end of Saudi Arabia's ban and the potential easing of Chile's trade restrictions at a press conference. BRF on Thursday reported strong second-quarter results, but trade bans did affect the company's poultry exports and the quarterly results, managers said. Brazilian companies had faced a number of regional and countrywide trade bans after the country's first-ever bird flu outbreak on a commercial farm, which were gradually lifted. Large food importers like China have not resumed buying Brazilian poultry.
Yahoo
an hour ago
- Yahoo
Saudi Arabia, Chile to resume poultry imports from Brazil, memos say
(Refiles to fix headline to say "memos" in the plural) By Ana Mano SAO PAULO (Reuters) -Saudi Arabia has lifted a ban on poultry imports from Brazil's southernmost state of Rio Grande do Sul, where an outbreak of bird flu was reported on a commercial poultry farm in May, according to an Agriculture Ministry memo issued on Thursday and seen by Reuters. Chile, which had also imposed trade restrictions after the outbreak, has also agreed to resume buying Brazilian poultry products produced after August 9, according to a separate document sent from Chile to Brazilian authorities. Chile will be open to importing Brazilian fertile eggs, one-day chicks, fresh chicken and processed products, according to the document, which was issued on Thursday following a visit by Chilean officials to Brazil last week. The document also says that Chilean authorities recognize Rio Grande do Sul state as free of Newcastle disease, which is a highly contagious and viral disease affecting birds, like avian flu. Earlier in the day, executives at Brazilian food processor BRF welcomed the end of Saudi Arabia's ban and the potential easing of Chile's trade restrictions at a press conference. BRF on Thursday reported strong second-quarter results, but trade bans did affect the company's poultry exports and the quarterly results, managers said. Brazilian companies had faced a number of regional and countrywide trade bans after the country's first-ever bird flu outbreak on a commercial farm, which were gradually lifted. Large food importers like China have not resumed buying Brazilian poultry. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
2 hours ago
- Bloomberg
Marfrig's Home Beef Business Helps Cushion US Cattle Squeeze
Marfrig Global Foods SA's operating earnings shrunk less than expected as rising profits at its South American beef operation helped it weather the impact of a severe cattle shortage in the US and a bird flu outbreak in Brazil. Earnings before items such as interest and taxes fell 11% from a year earlier to 3 billion reais ($550 million) in the three months ended in June, the company said in a statement. That compares with a 2.12 billion-real average of analyst estimates compiled by Bloomberg.
