World Meat News
Brazilian agriculture ministry is working with trading partners to avoid a new meat export ban from the country.
Meat Company News
Brazilian meat giant JBS has invested around 5.4million USD to expand the beef jerky plant in Santana de Parnaíba close to Sao Paulo.
Brazilian meatpacker JBS SA will resume operations at seven slaughterhouses in Mato Grosso do Sul state that had been shut down since Wednesday following a court-ordered asset freeze.
JBS has pulled a planned $500 million U.S. initial IPO of his processed food subsidiary JBS Foods International BV, because of the food safety scandals in Brazil hurt investor demand for the deal.
JBS board of directors elected José Batista Sobrinho, founder of JBS, as CEO of the company, to replace his jailed son as chief executive, as the family-run company faces a mounting corruption scandal.
Brazil’s federal police on Wednesday arrested Wesley Batista, CEO of JBS , accusing him of insider trading ahead of a plea bargain he signed this year whose disclosure pummeled the company’s stock.