Brazil’s meat industry association ABPA said a “perfect storm” of health and food security concerns in China promises to drive up demand for Mercosur meat, giving Brazilian meatpacker shares a boost.
Brazilian consumer price inflation bounced back to seven-month highs in November from ultra-low levels the month before, led by the rising cost of meat and regulated prices like electricity, official figures showed on Friday.
A top United States Democratic congresswoman on Thursday asked the Agriculture Department (USDA) to investigate and retract tens of millions of dollars in federal contracts with the U.S. subsidiary of a Brazilian meatpacking company facing federal corruption charges.
Brazilian meatpacker BRF SA has admitted to bribing food inspectors with bank deposits and health benefits, police said on Tuesday, although the company itself avoided raids as it was cooperating with the latest phase of the corruption probe.
Four people are going on trial in Paris over an alleged scheme that fed consumers across Europe frozen foods containing cheap horse meat fraudulently labelled as pricier beef.
BBC has published a piece on the history of Corned Beef and its brand name, Fray Bentos, the city located on the banks of the Uruguay River, and which over a century ago produced what it describes as the most influential food brands of the 20th century
Brazil's Supreme Court said on Tuesday it had authorized a federal investigation into allegations that the incoming chief of staff for far-right President-elect Jair Bolsonaro had taken illegal campaign donations.
Argentina is on the verge of signing a deal with the United States that would allow two-way trade of fresh beef for the first time in nearly two decades, the country's international trade secretary, Marisa Bircher, said. The agreement, expected to be signed within days, would simultaneously open beef imports to both countries, Bircher told Reuters in an interview.
International food commodity prices dipped in October, as falling dairy, meat and vegetable oils prices more than offset a surge in sugar prices, the United Nations said. The FAO Food Price Index, a measure of the monthly change in international prices of a basket of food commodities, averaged 163.5 points in October, down 0.9 percent from September and 7.4 percent below its level a year earlier.
Global agricultural food commodity prices fell in September due to growing inventories of key staples. The FAO Food Price Index declined 1.4% from August and is now 7.4% below its level during September 2017.