Reading Time: 2 minutes Brazilian soybean traders are poised to ship record volumes in the first quarter, driven by strong demand from the world's largest importer, China, which is currently involved in a trade war with the U.S.
China absorbs massive Brazilian soy shipments in first quarter
Pace of soy harvest in Brazil’s biggest farm state is slowest in 7 years, AgRural says
Reading Time: 2 minutes Rains are disrupting the start of Brazil's 2024/25 soybean harvest in Mato Grosso, agribusiness consultancy AgRural said on Monday, adding that the pace of work in the country's biggest farm state is the slowest in seven years.
Dry spell puts southern Brazil soy farmers on alert as rains pound central regions
Reading Time: 2 minutes Dry weather is limiting soybean development in Brazil's southernmost state, putting farmers on alert there at the same time as excessive rain is set to disrupt early harvest work in central areas of the country, according to meteorologists.
Brazil farmer lobby asks to lift soybean ban from deforested Amazon rainforest
Reading Time: 2 minutes A farmers' lobby in Brazil is seeking to end a two-decade-long agreement that forbids grain traders from buying soybeans from farms on deforested land in the Amazon rainforest, claiming the deal has created an uneven playing field.
JBS posts profit as chicken and pigs make up for beef slump
Reading Time: 2 minutes Brazil's JBS SA, the world's largest meatpacker, said on Tuesday that divisions that process chicken and pigs lifted its results, including poultry unit Pilgrim's Pride, JBS USA Pork in the U.S., and Seara in Brazil.
Brazil beef output to hit record in 2024, Conab says
Reading Time: < 1 minute Sao Paulo | Reuters – Brazil’s beef production is expected to reach a record 10.19 million metric tons in 2024, national crop agency Conab said on Thursday, a 7.1 per cent year-on-year increase that would eclipse the current all-time high set in 2006. Beef exports from the South American country are seen reaching 3.44 million […] Read more
Brazil floods hit food silos, disrupt routes to major grains port
Reading Time: 2 minutes Heavy flooding in southern Brazil has hit food storage facilities in lower areas while hampering the shipping of grains to port, jeopardizing the nation's exports and wreaking havoc to the economy of Rio Grande do Sul state, a large soy, rice, wheat and meat producer.
El Nino worries Brazil soy farmers as planting progresses, grain lobby says
Dry weather has pushed back planting
Reading Time: 2 minutes Sao Paulo | Reuters — Soybean farmers in top growing state Mato Grosso worry that scarce rains and high temperatures will lead to replanting of some areas while lowering yields in others, local grain farmer lobby Aprosoja-MT said Thursday. The unusual heat and dryness has been linked to the El Nino weather pattern, which is […] Read more
Brazil’s JBS reboots plan to list shares in New York
International meat packer hopes for access to lower-cost capital
Reading Time: 2 minutes Sao Paulo | Reuters — JBS SA, the world’s largest meat packer, on Wednesday proposed listing its shares in New York, hoping the move will bring its multiples closer to peers and that a broader investor base will give it more access to cheaper capital, sending its shares up eight per cent in mid-morning trade. […] Read more
Beef consumption to rise in China, JBS predicts
China seen as more competitive in domestic chicken, pork markets
Reading Time: < 1 minute Sao Paulo | Reuters — Demand for beef in China is expected to rise as the country still has relatively low per capita consumption, Gilberto Tomazoni, chief executive of JBS SA, said on Wednesday during a business conference. He said Brazil and the U.S., where JBS has meat facilities, are well positioned to meet China’s […] Read more
A message from April Stewart, Country Guide's Associate Editor
