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Tag: Brazil

Symrise launches pet food palatants facility in Brazil

BRAZIL- Symrise, a global supplier of fragrances, flavorings, and functional ingredients, inaugurated its state-of-the-art pet food palatants production facility in Brazil in late August 2023. Guests at the inauguration included local authorities, political dignitaries, business representatives, and collaborators involved in the project. The state-of-the-art production plant is expected to produce flavor enhancers for cat and dog food, establishing the largest…

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Argentina anticipates strong rebound in soybean crop, Brazilian soy and corn recover

ARGENTINA- The Buenos Aires grain exchange recently released a report on September 7, projecting an impressive harvest of approximately 50 million tonnes for the 2023-24 season in Argentina, a key player in the global soybean arena.  This anticipated yield marks a substantial increase compared to the 21 million tonnes harvested in the previous season, which was marred by a historic…

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Cargill seeks to acquire soy crushing facilities in Brazil

BRAZIL- US agricultural trading company Cargill has submitted a binding offer to acquire three soy crushing plants and four warehouses in Brazil from Granol, a privately owned soy crusher.  According to Cargill, the transaction involves Granol soy and biodiesel crush plants in the cities of Anápolis, Porto Nacional and Cachoeira do Sul, in addition to four warehouses in the states…

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Brazil to topple US as top corn exporter on record production and cleared bottlenecks 

BRAZIL- Brazil is set to overtake the U.S. this year as the world’s top corn exporter, reflecting both a bumper harvest and logistical breakthroughs such as the consolidation of northern export routes. According to a report by Reuters, corn exports through Brazil’s northern ports, which use the waterways of the Amazon River basin to ship grains globally, are on track…

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China soybean imports from US plummet by 63%, shifting to Brazil

CHINA- Data from the General Administration of Customs show that China’s soybean imports from the U.S. dropped 63% in July from a year earlier while shipments from Brazil, its top supplier, grew 32%. China, perennially the world’s top soybean importer, relies on Brazil and the United States for nearly all its soybean supplies, and for many years, the United States…

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Bunge in hot soup over soy-related deforestation in Brazil

BRAZIL- Global grain elevator and commodities trader Bunge has been liked to soy-related deforestation of the Brazilian Cerrado savannah by a recently released Mighty Earth report.  The new report links Bunge to 11,351 hectares (27,869 acres) of recent deforestation in the Cerrado savannah after the purchase of three farms in the area, prompting some major European supermarkets to investigate and…

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Brazil’s BRF draws share pledges from Saudi Arabia’s Salic and Marfrig

BRAZIL-Saudi Agricultural and Livestock Investment Co. (SALIC) and Marfrig have each committed to purchasing 250 million shares in any “future primary” share offering by Brazilian meat giant BRF. BRF has a potential US$900 million stock offering and these two players will be taking up the majority of this offering.  SALIC, which was formed in 2011 to secure food supplies for…

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Cargill to build animal nutrition facility in Brazil, expands RegenConnect program to Europe

BRAZIL- Cargill Brazil is planning to spend US$20 million to build a mineral supplements production plant in the west-central state of Mato Grosso for cattle raised on pastures, according to a report by Reuters.  According to the cited statement, construction of the facility is expected to begin this month with completion slated for the end of 2024.  Mato Grosso is…

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Nestlé Purina Brazil goes against the current with new wet pet food plant

BRAZIL- Nestlé Purina Brazil, one of the top pet food players in the country, has opened a new wet pet food production facility in Florestal, Vargeão, scheduled to start operations in March 2024, according to a press release by the company. Official reports provide that the Brazilian pet food market is the second largest globally after the U.S., with more…

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Brazil soybean acreage to increase in year 2023-24 after five spectacular successive seasons: USDA

BRAZIL- Brazilian soybean acreage and production is forecast to increase in the 2023-24 marketing year after impressive records in 2022-23, according to a Global Agricultural Information Network (GAIN) report from the Foreign Agricultural Service (FAS) of the US Department of Agriculture. According to the FAS report, Brazilian producers will expand the soybean planted area to reach 45.2 million hectares(ha) in…

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