Tag: JBS

• Friday, May 19th 2023 - 09:00 UTC

  Brazilian meatpackers in US facing rough times because of less cattle and inflation

  

  Brazilian meatpackers have seen their balance sheet profits drop significantly during the first quarter of the year given the negative performance of sales in the United States. Losses have been considered more serious than those caused by the nearly month long suspension of Brazilian beef sales to China, the country's other main market.

• Tuesday, November 15th 2022 - 09:00 UTC

  World's largest meat producer slowdown begins to reflect in Mercosur cattle prices

  

  Brazil’s JBS SA, the world’s largest meat producer reported last Friday that quarterly profit plunged 47.1%, with results still beating analysts’ estimates as higher revenues helped offset shrinking margins in its U.S. beef division.

• Tuesday, August 10th 2021 - 17:22 UTC

  Brazil protein giant JBS moves into the fish production industry

  

  Brazil's JBS, one of the world's largest protein processors with interests in three continents is moving into the fish industry following a deal for the purchase of Australia's salmon farming company Huon Aquaculture for the equivalent of US$ 315 million.

• Thursday, August 5th 2021 - 08:44 UTC

  Brazilian farmers plan to expand soybean area; protein producers short of corn import from Argentina

  

  Brazilian farmers are planning to expand their soy area for the 15th consecutive year, according to a survey by consulting firm Datagro. The world’s largest soybean producer and exporter will increase the area sown by 4%, to 40.57 million hectares in the 2021/2022 season.

• Friday, June 11th 2021 - 08:40 UTC

  JBS paid hackers US$ 11 million; cyber extortion crime netted US$ 18 billion in 2020

  

  Brazilian corporation JBS, the world's biggest meat processors, paid a US$11 million bitcoin ransom to hackers to prevent any further disruption after a paralyzing cyberattack believed to have originated in Russia.

• Friday, June 4th 2021 - 09:10 UTC

  JBS US branch attacked by hackers paralyzing meat processing in US, Canada and Australia

  

  United States branch of Brazilian giant meat processor started to return to a plant in Texas, but with new instructions, get ready to do things a bit differently than normal: work by hand.

• Friday, January 22nd 2021 - 09:08 UTC

  Brazilian meatpacker announces China has lifted bans on two processing plants

  

  Brazilian meatpacker JBS SA announced that China has lifted bans on two meat plants imposed in 2020 over coronavirus concerns.

• Thursday, January 7th 2021 - 09:45 UTC

  Brazilian leading meatpackers linked to ranches that use slave labor

  

  An investigation published this week showed six Brazilian meatpacker firms bought cattle from ranches that used slave labor. Labor experts suggested on Wednesday that the firms must clean up their supply chains.

• Saturday, October 17th 2020 - 09:00 UTC

  World's largest meatpacker, Brazil's J&F, pleads guilty in US court on corruption charges

  

  The owner of the world’s largest meatpacker pleaded guilty in U.S. federal court this week to paying nearly US$ 180 million in bribes to top Brazilian officials in exchange for state-backed financing used to go on a buying spree in the U.S.

• Wednesday, October 14th 2020 - 09:07 UTC

  China claims it found residues of Covid-19 in Brazilian beef packaging

  

  Two months after China said it found residues of Covid-19 in a batch of chicken wings imported from Brazil, Beijing authorities repeated the announcement, but this time in relation to Brazilian beef. Apparently, traces of Covid-19 were detected in beef packaging during an inspection carried out at the Port of Dalian, one of the largest in the country.