Reading Time: 2 minutes Brazil’s JBS, the world’s largest meatpacker, reported a near-flat fourth-quarter net profit on Wednesday, as record revenue was offset by tighter margins, particularly in its U.S. beef business.
JBS posts flat Q4 profit on record sales but lower U.S. beef margins
Major Brazilian grain traders quit Amazon conservation pact
Reading Time: 2 minutes A lobby group for Brazilian grain trading and crushing firms has told farming state Mato Grosso that it and many of its members are quitting a nearly 20-year-old pact protecting the Amazon basin from deforestation driven by soy farming.