Search

"Cattle prices will go up, and beef prices will go up with them", Klein said during an earnings interview. (Bloomberg) -- Beef will be getting even more expensive at U.S. grocery stores in the months ahead, according to one of the country's biggest meatpackers. [Extracted from the article]

"Cattle prices will go up, and beef prices will go up with them", Klein said Tuesday during an earnings interview. (Bloomberg) -- Beef will be getting even more expensive at U.S. grocery stores in the months ahead, according to one of the country's biggest meatpackers. [Extracted from the article]

(Bloomberg) -- JBS SA, the world's largest meat supplier, is expanding in the Middle East and North Africa, buying two plants and appointing a new head for the region. Brazil, where JBS is based, is a big supplier of halal meat, sending almost half of its chicken shipments to that market last year, according to figures from the industry group ABPA. [Extracted from the article]

Brazil, where JBS is based, is a big supplier of halal meat, sending almost half of its chicken shipments to that market last year, according to figures from the industry group ABPA. (Bloomberg) -- JBS SA, the world's largest meat supplier, is expanding in the Middle East and North Africa, buying two plants and appointing a new head for the region. [Extracted from the article]

(Bloomberg) -- Argentine biotechnology firm Bioceres Crop Solutions Corp. scored a big win Friday after China approved imports of the company's drought-resistant soybean strain. China's Agriculture Ministry approved the HB4 strain of soy developed by Bioceres, according to a document posted on its website. [Extracted from the article]

Also, Cargill isn't expecting any shrinkage in soybean acres even as costs of fertilizer soar, because it's still profitable to cultivate the oilseed. (Bloomberg) -- It's getting very expensive to export soybeans from Brazil, the world's top supplier. [Extracted from the article]

The company also said it has been working to improve emissions disclosure to meet best practice international standards, as well as independent third-party verification of progress toward its net-zero goal. (Bloomberg) -- Environmental groups are calling on JBS SA's investors and customers to drop the world's largest meat supplier, claiming its greenhouse gas emissions are rising. [Extracted from the article]

Brazil's frozen orange juice stockpiles are the lowest since 2017, though they are equal to "almost zero" because the juice doesn't meet industry requirements for acidity and sweetness, according to Ibiapaba Netto, executive director at CitrusBR. (Bloomberg) -- Orange juice stockpiles are dwindling around the world, propelling prices to five-year highs as Florida faces its smallest crop since the Second World War and top citrus producer Brazil grapples with depleted inventory. [Extracted from the article]

After that, it's anyone's guess where Brazil, which imports 85% of the fertilizer it needs, will get supplies as war disrupts shipments in Russia, the top supplier. (Bloomberg) -- Brazil is getting its last wave of much-needed fertilizer from Russia before supplies plunge due to the Ukraine war, potentially hurting harvests in the biggest grower of crops from coffee to sugar to soybeans. [Extracted from the article]

Belarus controlled about a fifth of the global potash market and was a major seller to Brazil until Lithuania in January cut off a key transit route amid U.S. sanctions imposed in 2021. (Bloomberg) -- Agricultural powerhouse Brazil is desperate for fertilizers. [Extracted from the article]

(Bloomberg) -- Brazil's largest coffee exporter sees its arabica-bean shipments rising to a record this year as the logistic snarls that hampered flows last year ease. With the cooperative's harvest likely to be near the same level this year as last, it plans to raise shipments using stockpiles and coffee purchased outside of the organization. [Extracted from the article]

(Bloomberg) -- Marcos Molina dos Santos, the Brazilian beef tycoon who founded Marfrig Global Foods SA, is taking control of the board of food giant BRF SA in a move that may pave the way for a potential merger. BRF shareholders approved Marfrig's suggestion of making Molina chairman in a meeting on Monday morning, people familiar with the matter said, asking not to be named because the results aren't public yet. [Extracted from the article]

(Bloomberg) -- Shipping coffee overseas has gotten so difficult due to container shortages that some exporters are going old-school and using a cumbersome method of transport that was popular decades ago. Read more: Container Shortage Sparks Coffee Shipping Experiment "Several exporters have been looking for more information on this shipping modality, which is seen by us an alternative for the global logistic challenges that are expected to persist in 2022", said Marcos Matos, Cecafe's general director. [Extracted from the article]

Beef margins in the U.S. are likely to continue to be "well above" those reported in previous years with the exception of 2021, which was an outlier year for the industry, according to Andre Nogueira, JBS president for North America operations. (Bloomberg) -- The global beef industry is seeing margins reach new heights thanks to operational efficiencies and rising demand from Asia to the Americas, according to top meat supplier JBS SA. [Extracted from the article]

Given the escalating prices and supply shortages, it's unlikely farmers will be able to match the same fertilizer use of prior seasons, which could translate into lower yields when the world is facing global food inflation. (Bloomberg) -- Many Brazilian farmers have been caught off guard by soaring fertilizer prices following Russia's attack on Ukraine, leaving them stuck paying more for nutrients to support their plantings later this year. [Extracted from the article]

(Bloomberg) -- The world's agricultural superpowers are divided over whether Russian fertilizers should be sanctioned as surging prices threaten to further stoke food inflation. "Restraining fertilizer consumption may hurt crop yields, boost inflation and threaten food security", Brazilian Agriculture Minister Tereza Cristina said. [Extracted from the article]

(Bloomberg) -- The world's agricultural superpowers are divided over whether Russian fertilizers should be sanctioned as surging prices threaten to further stoke food inflation. "Restraining fertilizer consumption may hurt crop yields, boost inflation and threaten food security", Brazilian Agriculture Minister Tereza Cristina said. [Extracted from the article]

(Bloomberg) -- Fertilizer prices continue to surge as supply upheaval from Russia leaves governments struggling to secure vital crop nutrients, adding to concerns that record global food inflation will accelerate. Brazil, the top fertilizer importer, will propose excluding crop nutrients from sanctions imposed on Russia in a meeting at the United Nations' Food and Agriculture Organization next week. [Extracted from the article]

The bump in prices from the additional demand will help Brazilian chicken exporters offset some but not all of the extra costs from skyrocketing feed prices. (Bloomberg) -- Prices are soaring for chicken from Brazil, the world's biggest exporter, and it's due to the war in Ukraine. [Extracted from the article]

The Ukraine war has seen Brazilian farmers struggle to buy fertilizer, fueling a debate on the exploitation of potash reserves in the Amazon, including on indigenous lands. (Bloomberg) -- The ripples of Russia's invasion of Ukraine may reach all the way to Amazonian rainforests as Brazil sees disruptions to global fertilizer supplies as another reason to produce more of its own. [Extracted from the article]

(Bloomberg) -- Farmers in Brazil, the world's top fertilizer importer, are rushing to secure crop nutrients as the Russian attack on Ukraine spreads fears of a global shortage. The group representing fertilizer companies in Brazil, known as Anda, says it's monitoring the risks of disruptions in the global fertilizer supply chain, including in Brazil. [Extracted from the article]

Higher oil prices coupled with a weakening Brazilian real may lead state-owned Petrobras to raise domestic gasoline prices. (Bloomberg) -- Ethanol sales are soaring in Brazil as drivers turn to biofuel, a trend that may be strengthened by Russia's invasion of Ukraine as the conflict is likely to drive gasoline prices higher. [Extracted from the article]

(Bloomberg) -- Marcos Molina dos Santos, the Brazilian beef baron who founded Marfrig Global Foods SA, renewed his push into chicken giant BRF SA, leaving the global food market one step closer to a potential merger. Marfrig, which has been working to raise processed food sales, has boosted its stake in BRF to 33.25% over the past months, fueling speculation of a merger that would create the world's third-largest meat company by market value. [Extracted from the article]

(Bloomberg) -- The International Coffee Organization is talking with the U.S. about the possibility of the country rejoining the group, according to Vanusia Nogueira, a Brazilian who will take over as the body's executive director in May. Nogueira, the first woman to lead the ICO, is planning a series of meetings with U.S. companies during a trip to Boston in April to discuss how they could help on engaging U.S. lawmakers to approve the nation's return to the organization. [Extracted from the article]

Keywords: PALL; AGR; ALLTOP; ASIA; BASIC; BUSINESS; CATOP; CMD; CMDTOP; CONS; CONSS; COS; EUROPE; FUTURES; GOV; INDIA; INDUSTRIES; MARKETS; METMNG; RUSSIA; TOP; WORLD; WWTOP EN PALL AGR ALLTOP ASIA BASIC BUSINESS CATOP CMD CMDTOP CONS CONSS COS EUROPE FUTURES GOV INDIA INDUSTRIES MARKETS METMNG RUSSIA TOP WORLD WWTOP (Bloomberg) -- Gold dropped the most in more than two weeks and wheat slid after Russia announced a partial pullback of its troops massed near the Ukrainian border. "Optimism that Russia could pullback some troops was the primary domino that sent gold lower", said Ed Moya, senior market analyst at Oanda. [Extracted from the article]

"This is not a moment of high stockpiles, but they are enough to meet demand from local and global industries", Nicolas Rueda, president of the Cecafe exporters association, said in an interview. (Bloomberg) -- The world's top coffee producer has enough stockpiles to ensure java lovers their daily cups despite recent droughts, though shipping the commodity remains a challenge, the head of Brazil's exporters group said. [Extracted from the article]

R75MRQT0G1KX (Bloomberg) -- Cocoa slid from a two-year high as traders weigh the impact of adverse weather in key growing regions. Keywords: AFRICA; AGR; BUSINESS; CMD; CONS; CONSS; COS; GEN; INDUSTRIES; MARKETS; WORLD EN AFRICA AGR BUSINESS CMD CONS CONSS COS GEN INDUSTRIES MARKETS WORLD Cocoa slid from a two-year high as traders weigh the impact of adverse weather in key growing regions. [Extracted from the article]

To tackle short supply, roasters have tapped inventories and sent stockpiles monitored by the ICE Futures U.S. exchange to the lowest in 22 years. (Bloomberg) -- Coffee futures reached the highest in ten years in New York amid mounting concerns over tight supplies. [Extracted from the article]

(Bloomberg) -- Tyson Foods Inc.'s upbeat sales forecast for the American meat market is helping two of its Brazilian peers, which have most of their profits coming from the U.S. Shares of JBS SA rose as much as 5.2% in Sao Paulo Tuesday after climbing 4.9% in the previous session in the wake of Tyson's better-than-expected first-quarter profit. Tyson, the largest U.S. meat company by sales, beat earnings estimates on Monday and said revenue will be at the upper end of a previous estimate for the current financial year as rising meat prices offset higher costs. [Extracted from the article]

(Bloomberg) -- The era of expensive coffee is not going to end any time soon, judging from dwindling amounts held in reserves. Coffee reserves certified by ICE have been falling since September due to soaring shipping costs and unfavorable weather that clipped production in Brazil, the world's largest grower and exporter. Coffee prices have already been touching multiyear highs at a time when food inflation is gripping the globe. [Extracted from the article]

(Bloomberg) -- The era of expensive coffee is not going to end any time soon, judging from dwindling amounts held in reserves. Coffee reserves have been falling since September due to soaring shipping costs and unfavorable weather that clipped production in Brazil, the world's largest grower and exporter. [Extracted from the article]

Conab's output estimate was cut to 140.5 million tons from 142.8 million tons last month as persistent drought and heat have hurt yields in the nation's south, a region corresponding to roughly a third of total production. (Bloomberg) -- Brazil may not be reaping all the soybeans initially expected, but a record crop is still possible due to an increase in plantings, the state-owned agriculture agency Conab said Tuesday in a report. [Extracted from the article]

(Bloomberg) -- Weather extremes in commodity powerhouse Brazil are reverberating through global markets, pushing up prices for everything from soybeans to metals. Heavy rains have led Vale SA, the world's second-largest iron ore producer, to halt some mine production in Minas Gerais. [Extracted from the article]

The reviews made this week on Brazil's crop estimates may signal official cuts next week, when the U.S. Department of Agriculture and Brazil's Conab are scheduled to release forecasts for the nation's crop. (Bloomberg) -- The world's largest soybean producer and exporter will fail to deliver a record crop this year. [Extracted from the article]

Crop forecasters have slashed their estimates for Brazil's soy output as persistent drought and heat caused losses in the nation's south. (Bloomberg) -- The world's largest soybean producer and exporter will fail to deliver a record crop this year. [Extracted from the article]

Some local consultancies have already lowered Brazil's soybean output estimate due to yield losses in the south. (Bloomberg) -- The impact of the La Nina weather pattern that's expected to roil global food markets in coming months is already showing up in parts of Brazil, the world's biggest soybean exporter. [Extracted from the article]

"We made an experiment as some clients have been adjusting to this new shipping modality to solve shipments bottlenecks", Dias said in a telephone interview. (Bloomberg) -- In the coffee trading world, a ship steaming across the Atlantic Ocean is garnering a lot of attention. [Extracted from the article]

(Bloomberg) -- Brazilian farmers may be slower to harvest what's expected to be a record soybean crop as excess rain in some regions delays preliminary work in the fields. With Brazil about to start reaping a record soybean crop, strengthening its leading position in a time of year once dominated by the U.S., any slowdown may throw exporters' plans into disarray. [Extracted from the article]

Keywords: BBTG11@BZ; JBSS3@BZ; KLBN4@BZ; PETR4@BZ; SUZB3@BZ; VALE3@BZ; ALLTOP; BASIC; BRAZIL; BUSINESS; CMD; CONS; CONSS; COS; GOV; INDUSTRIES; LATAM; LATTOP; MARKETS; PAC; STK; WORLD; WWTOP EN BBTG11@BZ JBSS3@BZ KLBN4@BZ PETR4@BZ SUZB3@BZ VALE3@BZ ALLTOP BASIC BRAZIL BUSINESS CMD CONS CONSS COS GOV INDUSTRIES LATAM LATTOP MARKETS PAC STK WORLD WWTOP Brazil's development bank began to unload its JBS SA holdings as shares of the world's largest beef producer trade near their all-time high. Last October, BNDES scrapped a plan that focused solely on selling JBS shares through a follow-on offering as it wanted the flexibility to pursue a block trade deal or sell the stock in the market, people familiar said at that time. [Extracted from the article]

Keywords: BBTG11@BZ; JBSS3@BZ; ALLTOP; BRAZIL; BUSINESS; CMD; CONS; CONSS; COS; GOV; INDUSTRIES; LATAM; LATTOP; MARKETS; STK; TOP; WORLD; WWTOP; WWTOPAM EN BBTG11@BZ JBSS3@BZ ALLTOP BRAZIL BUSINESS CMD CONS CONSS COS GOV INDUSTRIES LATAM LATTOP MARKETS STK TOP WORLD WWTOP WWTOPAM Brazil's development bank will begin to unload its JBS SA holdings as shares of the world's largest beef producer trade near their all-time high. Last October, BNDES scrapped a plan that focused solely on selling JBS shares through a follow-on offering as it wanted the flexibility to pursue a block trade deal or sell the stock in the market, people familiar said at that time. [Extracted from the article]

Minerva said the indirect suppliers cited in the report are not on its suppliers list, and that the farms that sell cattle directly to the company are clean. (Bloomberg) -- Six European retail groups, including Sainsbury's in the United Kingdom and Carrefour in Belgium, are restricting Brazilian beef purchases due to new findings linking cattle production to deforestation in the Amazon, Cerrado and Pantanal. [Extracted from the article]

(Bloomberg) -- Six European retail groups, including Sainsbury's in the United Kingdom and Carrefour in Belgium, are restricting Brazilian beef purchases due to new findings linking cattle production to deforestation in the Amazon, Cerrado and Pantanal. Minerva said the indirect suppliers cited in the report are not on its suppliers list, and that the farms that sell cattle directly to the company are clean. [Extracted from the article]

(Bloomberg) -- Coffee is getting so expensive that even in the world's biggest source of the bean drinkers can't afford it. In Brazil, prices for arabica -- the highest-quality beans -- surged almost 140% this year, while lower-grade robusta roughly doubled. [Extracted from the article]

(Bloomberg) -- Brazilian meat giant BRF SA is planning to expand production of snacking and convenience foods to developed markets, in a bet that habits consumers acquired during the pandemic will endure. BRF is the world's largest chicken exporter, accounting for 9% of the global trade. [Extracted from the article]

Operations at the new plants will begin in 2023, Roberto Carlos Oliveira, Nutrien's fertilizer head for Latin America, said in an interview. (Bloomberg) -- Nutrien Ltd., one of the world's biggest fertilizer suppliers, will build four blending facilities in Brazil that will more than double its capacity in the nation. [Extracted from the article]

Last week China bought at least 30 soybean cargoes from the U.S. and Brazil, with more than half coming from the South American nation, according to people familiar with the matter. (Bloomberg) -- China is making big purchases of soybeans from Brazil, an unusual move for this time of year. [Extracted from the article]

(Bloomberg) -- China is making big purchases of soybeans from Brazil, an unusual move for this time of year. Last week China bought at least 30 soybean cargoes from the U.S. and Brazil, with more than half coming from the South American nation, according to people familiar with the matter. [Extracted from the article]

Thai Rice Surging fertilizer prices will raise costs for many ricefarmers in Asia and risks pushing up prices in a regionwhere the vast majority of the world's supply is producedand consumed. Today, the North American fertilizer price indexrose to an all-time high.) Fertilizer is so vital to Walter do Carmo Padua Jr.'scoffee trees that he can't imagine producing any beanswithout it. [Extracted from the article]

JBS USA has a full team in pork and beef operations, though that doesn't mean his division is delivering the same level of production using a similar number of employees as in the past, Nogueira said. (Bloomberg) -- The world's largest meat supplier is finding that a shortage of workers are affecting operations in every developed nation, limiting production increases and raising costs. [Extracted from the article]