Minerva Foods, South America’s largest animal protein exporter, ended the first quarter of this year with a net income of R$ 114 million, (Some five Reais to the US dollar).The result was only 0.5% lower than in the same period of 2022, despite the temporary interruption of shipments of Brazilian beef to its leading buyer, China.
Brazil's protein producer giant Minerva Foods issued a note to the market communicating the purchase of state-of-the-art Breeders and Packers Uruguay (BPU Meat) abattoir and processing plant for USD 40 million. The conclusion of the deal is still pending approval by the Uruguayan authorities.
China said it would temporarily suspend imports from a beef plant owned by Brazilian meatpacker Minerva SA for a week, in the latest suspension amid concerns over coronavirus contamination in Brazilian meat plants.
Brazilian meatpackers JBS and Minerva Foods are considering suspending operations at some slaughterhouses in Brazil due to supply chain issues from China, JBS and sources close to Minerva said this week.