03Jan
Russia blames JBS for Salmonella in frozen shipments
admin
A frozen shipment from JBS Brazil proved positive for Salmonella, informed the Russian Vet and Phytosanitary Supervision Service (Rosselkhoznadzor). JBS is still waiting for more information from the Rosselkhoznadzor before undertaking an in depth investigation. They are closely following the [...]
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19Dec
Freight Price Hike to Hit Meat Trade
admin
Pending increases in freight prices threaten to hit EU food exporters’ profits by up to €10m per year and could lead to many companies withdrawing from selling to non-EU countries. All of the major deep sea shipping companies are set to apply a $1,500 (€1,845) per container price increase for [...]
Read more Freight Price Hike to Hit Meat Trade
18Dec
Russia unlikely to ban Brazil over BSE claim
admin
Russia, the largest buyer of Brazilian beef, is unlikely to ban all beef imports from Brazil due to a suspected case of atypical bovine spongiform encephalitis, the head of Russia’s veterinary and phytosanitary service said. “We are analysing the data now, but we do not see enough grounds to [...]
Read more Russia unlikely to ban Brazil over BSE claim
11Dec
Russia Announces Barriers on Imports of U.S. Meat
admin
Russian health regulators announced formidable new barriers to the import of meat from the United States late on Friday, in a move some analysts saw as retaliation for American legislation punishing Russian officials linked to human rights violations. The new Russian regulation requires [...]
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22Nov
Uruguay cattle prices higher and stable
admin
The industry press to adjust prices down and farmers resist. As anticipated, the market is heading for a gradual decline. Although the industry persists in order to adjust to the low prices maintained a significant demand. The producer resists prices going down, supported by favorable climate [...]
Read more Uruguay cattle prices higher and stable
15Nov
News US export 40,000mt of broiler meat to Ghana by 2012
admin
A total of 40,000 metric tons of broiler meat are expected to be imported into Ghana from the United States by the end of 2012, the US Department of Agriculture (USDA) has projected. The Department’s value of the projected volume of poultry export is estimated at $50 million, according to a [...]
Read more News US export 40,000mt of broiler meat to Ghana by 2012
14Nov
JBS earnings rise in recovering beef market
admin
JBS SA, the world’s biggest beef producer, posted a third-quarter profit of 367 million reais ($178 million) on Tuesday, driven by its strong beef business in Brazil and recovering U.S. poultry operations. A weaker Brazilian currency also helped JBS recover from a quarterly loss of 68 million [...]
Read more JBS earnings rise in recovering beef market
12Nov
Marfrig to sell up to $141.8M in shares
admin
Brazilian meat packing company Marfrig Alimentos SA (MRRTY, MRFG3.BR) Monday said it plans to sell up to 141.75 million shares in an exercise which could amount to 1.5 billion Brazilian reais ($740 million). Marfrig will use the money from the sale of shares to reinforce its capital structure. [...]
Read more Marfrig to sell up to $141.8M in shares
06Nov
Grain prices dip despite lower crop estimates
admin
Informa Economics raised its estimate for the US soybean crop less than many investors had expected, and unexpectedly cut its hopes for corn output, but the data provided only temporary relief to crop futures on a weak day for risk assets. Informa lowered its estimate for the US corn crop by [...]
Read more Grain prices dip despite lower crop estimates
06Nov
E.Coli beef rejections in Germany
admin
The rejection of at least nine chilled beef containers produced by a major Argentine packer, found to be contaminated with E.Coli 157, has spiced up the trade gossip at a particularly tense time of year. A routine health and safety check in a Hamburg restaurant first identified [...]
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