Tag: Wesley Batista JBS

• Thursday, August 16th 2018 - 21:15 UTC

  Brazilian food giant JBS hit by a surge in feed costs and trade conflicts

  

  Brazilian food company JBS SA would need to raise product prices by another 7% at its processed foods division Seara to offset a surge in feed costs, executives said on Wednesday. Seara raised prices by 3% in the second quarter, the executives said on a conference calls with analysts to discuss second-quarter results.

• Friday, October 13th 2017 - 13:36 UTC

  Giant meatpacker owners involved in insider trading could lose plea bargain deal with prosecutors

  

  Brazil’s police investigation into insider trading by the owners of the world’s largest meatpacker JBS SA has found that they made a profit by taking financial positions before details of their plea bargain deal with prosecutors became public, the head of the probe said on Tuesday.