Inputs
Boa Safra, Brazil’s largest soybean seed producer, has canceled orders from some distributors unable to provide sufficient payment guarantees. This decision affects major clients such as Agrogalaxy (AGXY3), controlled by Aqua Capital. In the third quarter, large retailers represented just 20% of Boa Safra’s portfolio, down from 40% last year. The company’s net revenue dropped 26% […]
Results
Marfrig announced 2.5 billion reais ($434 million) in dividends, following a strong cash flow and record results from its subsidiary, the chicken giant BRF. Additionally, the 5.7 billion reais ($990 million) payment made by Minerva to Marfrig for the acquisition of 13 slaughterhouses in October will enable meatpacker to reward shareholders while reducing leverage from […]
Earnings
In the U.S., Pilgrim’s Pride, another JBS subsidiary, also reported its best margin in seven years
Beef
Since September, the cost of livestock has skyrocketed by 50%, with no clear consensus among experts on whether prices have peaked
Freight
Grain trading houses have taken a tougher stance in negotiations with railway operator Rumo regarding next year’s grain transport contracts, especially under the take-or-pay clause. Still, Rumo CEO Pedro Palma expressed confidence in the pace of contract signings in the coming months, stating that they will close at the prices desired by the company as […]
Food inflation
Strong demand for Brazilian beef, especially from the U.S. and China, is expected to offset rising cattle prices in the medium term, preserving beefpackers’ margins, according to executives at Minerva, South America’s major beef exporter. Cattle prices in Brazil have risen by about 50% in less than two months, raising analysts’ concerns on profit margins in the industry. In […]
Bankruptcy
Agrogalaxy, a major crop inputs retailer that filed for bankruptcy protection, has been working to reach some deals with suppliers to secure products to sell for famers in Brazil’s second-corn crop, known as ‘safrinha’, which seedings starts in the first months of 2025. The arrangements are important to keep the company alive amid its judicial […]
Agtechs
Testing soil nitrogen levels has been a challenge for farmers when deciding on fertilizer applications. With analysis mostly conducted in labs, results often take time to be delivered to growers, making these tests less appealing for farmers under the current model. Stenon, a German startup supported by David Friedberg, the founder of Climate Corp and […]
Logistics
The logistics challenges of moving the oilseed from farms to ports are huge, a situation that may drive freight prices higher
Food Security
At the center of the BRF's strategy is the Middle East, a region with growing demand for processed food and halal-related demands