The Brazilian conglomerate Minerva Foods is moving to complete a further overseas acquisition, this time a state of the art abattoir and meat packing plant in Uruguay which once the deal is completed will mean over 50% of the country's meat industry will be under control of Brazilian conglomerates.
Russia announced to Brazil that it was reopening its market for a quota of up to 300,000 tons of meat, at zero tariffs, including 200,000 tons of beef and 100,000 tons of pork. Likewise, Russia lifted restrictions on beef exports from a Minerva processing plant and certified a second plant to begin shipments.
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.
Minerva SA, the largest beef exporter in South America, hopes to further boost foreign sales due to potentially scarce supplies in large producing nations like the United States, Chief Financial Officer Edison Ticle said.
Brazilian food company Minerva SA has signed memorandums of understanding with China's Alibaba and another five clients in the world's most populous nation to supply frozen beef for a period of five years.
The Brazilian meatpacking giant JBS says it has sold its units Mercosur members, Argentina, Paraguay and Uruguay to companies controlled by a rival meat processing company in Brazil. JBS said in a Tuesday securities filing that it sold meat processing plants in the three countries for US$300 million to Minerva in Sao Paulo state.
A Mexican brewery has launched the first beer targeted to the gay community with a slight honey flavour and with plans to market the product in Mexico, Colombia and Japan among other interested countries.