Category: Brazil
Brazil’s BRF confirms 16 plants will go in restructuring exercise
Restructuring exercise to focus activities on its core markets in Brazil, Asia and “halal” countries as it seeks to increase its capital structure and reduce leverage.
Brazil: BRF SA Looking At A Long Road Back
OneFoods saw good growth in both businesses, but processed food is still less than 20% of the mix in this segment.
Brazil is working hard to keep access to meat products on Saudi Arabia’s market
One of the issues addressed at the meeting was the Halal slaughter in Brazil.
Saudi Arabia: The Biggest Halal Center in the World Establishes in Holy Mecca
Halal Commission at MWL is the only body in Brazil that applies legal and Islamic standards. MWL doesn’t issue an export certificate, to Saudi Arabia or any other country before ensuring totally that all conditions are fully and firmly met.
Brazil’s BRF to reopen plant, catering to Mideast Halal market
BRF SA will reopen a food processing plant in Brazil by January, which is the first big move aimed at reviving profitability since the country’s No. 1 chicken exporter announced the departure of its CEO.
Brazil: BRF continues to shrug off carne fraca scandal in second quarter
FoodBev Media BRF has continued to shrug off the effects of the so-called carne fraca scandal, reporting revenue higher than the first quarter and a 13.7% increase in pre-tax earnings. The meat processor’s second-quarter revenue was BRL 8 billion ($2.52 billion), with global volumes increasing slightly to 1.1 million tonnes. The revenue figure represents an […]
Brazil: Grappling with losses, Brazil’s BRF reorganizes senior management
BRF will have vice presidents looking after Brazil, halal food division OneFoods Holdings Inc and the Southern Cone separately, the filing said.
Brazil: Ready to Provide Saudi Market Demand of Meat
Brazil is fully ready to cooperate with Saudi Arabia in the field of food and to provide the market demand of meat and other products according to Saudi Vision 2030.
Mexican beef exporters look to Muslim markets as U.S. alternatives
Mexico’s growing beef industry is targeting Muslim consumers in the Middle East for its prime cuts as it seeks to reduce dependence on buyers in the United States.
Brazil’s Minister to visit UAE and Saudi Arabia
Minister Maggi’s visit to the KSA and the UAE is a move to assure the premium quality of Brazilian products entering these markets which have continued to show their trust in Brazil’s meat industry.
UAE bans meat, poultry coming from Brazil
The Ministry of Climate Change and Environment, MoCCAE, has taken a number of precautionary measures on imported food products from Brazil.
Brazilian meat in Malaysia not from sources under probe, says envoy
None of the 21 plants involved in the scandal are authorised to export to Malaysia due to halal compliance.
Brazil scandal tests JBS, BRF push for overseas units IPOs
The deals could fetch a combined $2.5 billion and help accelerate expansion outside Brazil. None of BRF Halal plants are suspended as part of the probe.
Brazil food fraud scandal
According to Reuters, the allegations include bribing inspectors and politicians to overlook unsanitary practices such as processing rotten meat and shipping exports with traces of salmonella.
Brazil’s BRF mulls options to Halal unit One Foods IPO
BRF wants proceeds from the sale of the One Foods stake to help propel the latter’s expansion into Asian Muslim nations.
Brazilian food giant, Qatar to buy Turkish poultry firm Banvit
BRF will take a 60 percent stake in the joint venture, while the Qatar Investment Authority will take 40 percent in a deal that calculates Banvit’s enterprise value at $470 million.
Saudi Arabia raises Poultry Import Tax
The tax was raised from 5% to 20%. Saudi Arabia imports 57% of the poultry it consumes and Brazil holds an 88% share of these imports.
Brazil: BRF sees $1.5 billion Halal unit IPO by late March – sources
Brazilian food exporter BRF SA is seeking to raise about $1.5 billion from the sale of a 20 percent stake of a unit logo-1focused on the halal processed food market via an initial public offering.
Brazil’s BRF launches unit focused on Muslim food markets
BRF said the Dubai-based unit has been renamed One Foods Holdings Ltd, from Sadia Halal, with the goal of building market share in the region.
Brazil Challenges Indonesia’s Halal Certification Policy
Brazil has filed a complaint against Indonesia to the World Trade Organization, challenging Indonesia’s halal certification requirements for imported meat.
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