Brazilian beef exporters saw an 8% increase in 2020 to 2.02 million metric tons, according to Abrafrigo, the country's beef association. China was the largest importer of Brazilian beef.
The U.S. has reopened its market to fresh Brazilian beef exports effective immediately, according to Brazilian Agriculture Minister Tereza Cristina Dias. NCBA opposes the resumption of trade.
Brazilian federal prosecutors have charged JBS S.A. and its holding firm J&F Investmentos, along with 14 other individuals, for alleged fraud in the approval of investments and loans by national development bank.
Citing concerns about foreign ownership of U.S. companies, two U.S. senators have asked Treasury Secretary Steve Mnuchin to open a formal investigation of JBS SA.
Brazil’s agriculture minister says Indonesia has authorized beef exports from 10 Brazilian meat packing plants.
Citing heightened concerns about environmental preservation and sustainable beef production, JBS SA is using satellite technology to monitor suppliers.
Brazilian reporters claim JBS SA has been buying cattle from ranches grazing cattle on deforested land in the Amazon, a practice forbidden by the Brazilian government.
Expected to offer evidence of wrongdoings unveiled by Batistas.
A memorandum of understanding signed to ‘deepen discussions’ about combining businesses would bring scale and savings in global meat business.