Edition:
United States

Reese Ewing

JBS shares surge on spin-off plan of international units in U.S.

Dec 06 2016

SAO PAULO Shares of Brazil's JBS , the world's biggest beef exporter, soared on Tuesday, adding nearly $3 billion to its market value after management announced it would take its international businesses public in a U.S. initial public offering.

Brazil's federal, state governments reach accord to balance accounts

Nov 22 2016

BRASILIA Brazil's federal government reached a deal on Tuesday to help cash-strapped states with their fiscal woes in exchange for support from governors on deeper structural reforms including pension reform and the capping of public employee salaries.

JBS scraps reorganization after Brazil veto; shares slump

Oct 26 2016

SAO PAULO JBS SA has scrapped a program to move some operations outside Brazil after a government agency vetoed the move, sending shares of the world's biggest beef exporter tumbling and dealing a blow to a plan to become a global food processing powerhouse.

Brazil coffee belt bursts into flower as 2017 crop begins

Oct 14 2016

SAO PAULO, Oct 14 Brazil's main CCCMG physical coffee exchange reported on Friday that trees in the world's leading exporter of the commodity entered into widespread flowering after recent rains, the first signs of the coming 2017 crop after several years of drought.

Drought drains Brazil's robusta warehouses of coffee, forces layoffs

Sep 27 2016

SAO PAULO Brazil's robusta coffee industry is laying off workers who transport, process and store the commodity in warehouses that are nearly idle two years into the worst drought in eight decades, according to traders and industry executives.

U.S. ethanol industry finds sweet deals in Brazil as sugar prices soar

Aug 04 2016

NEW YORK/SAO PAULO U.S. ethanol plants and traders are rushing to sell biofuel to Brazil as tightening supplies and logistics in the South American market give the world's top producer a rare opportunity to ship south during the peak sugar cane harvest, sources said. U.S. ethanol plants are pumping out a record 1 million barrels per day taking advantage of cheap and plentiful corn feedstock, pushing domestic prices to three-month lows. But they are finding unexpected demand in rival Brazil, where production is falling short of expectations as skyrocketing sugar prices have spurred mills to crush more cane into sweetener rather than make ethanol.

No respite for Brazil's meat industry as farmers aim to plant more soy

Jul 05 2016

SAO PAULO Hopes in Brazil's distressed poultry and pork industry that record-high corn prices will lure farmers to sow more of the feed grain may be squashed by soaring soybean prices, potentially prolonging the crisis and boosting prices for longer.

No respite for Brazil's meat industry as farmers aim to plant more soy

Jul 03 2016

SAO PAULO Hopes in Brazil's distressed poultry and pork industry that record-high corn prices will lure farmers to sow more of the feed grain may be squashed by soaring soybean prices, potentially prolonging the crisis and boosting prices for longer.

Corrected: Brazil's credit crunch threatens commodity exports, farmers

Jun 24 2016

(This June 21 story corrects paragraph 11 with Macquarie bank denial)

Record Brazil corn prices shrink poultry, hog producers

Jun 03 2016

SAO PAULO Stubbornly record-high corn prices in Brazil, the world's No. 2 exporter of the grain, are compelling pork producers to slaughter sows they cannot afford to feed and poultry processors to close plants.

World News