Payment disputes and lack of trust between JBS and cattle breeders are leading to a decline in slaughter numbers in the country, while other Brazilian meatpackers such as Marfrig and Minerva Foods are reported to be unable to process the same quantity of beef as their main competitor.
Read More...Shares of the meatpacking giant dropped over 30% on May 22 at São Paulo’s stock exchange, Bovespa.
Read More...JBS SA may delay the initial public offering of its New York international unit, initially planned to be launched in the first half of 2017.
Read More...R-CALF USA, the Ranchers-Cattlemen Action Legal Fund, United Stockgrowers of America, has launched an online petition urging members of the public to help ban imports of Brazilian beef into the U.S.
Read More...While it is still unclear what impact the Brazilian meat scandal will have on the availability of raw materials to the entire leather supply chain, the meat processing giant says the production levels at its leather division, JBS Couros, remain unaffected in the short-medium term.
Read More...As several countries have either banned or raised their scrutiny on imports of Brazilian meat, the country’s largest processors struggle to regain investor confidence. The rotten meat scandal broke at a time when some the world’s biggest players in the meat sector were preparing to launch their initial public offerings on the foreign-based units.
Read More...Despite pressures on Volkswagen following the dieselgate scandal, Porsche has reported a profit record of +25% for 2015, year-on-year.
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