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Extremely dry weather is forcing farmers to give up on soy to plant cotton or another crop in Brazil's top farm state Mato Grosso, cotton lobby groups and growers said. Mato Grosso...
HOUSTON/BRASILIA/RIO DE JANEIRO, Nov 17 - Brazil's leftist President Luiz Inacio Lula da Silva pressed the head of state-run oil firm...
JBS SA, the world's biggest meatpacker, reported an 86% drop in third-quarter net income compared to a year ago on Monday, sliding to around 573 million reais ....
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A lack of rainfall in Brazil's top grain state Mato Grosso has delayed soybean planting by up to 30 days and is compromising the outlook for second corn, which is cultivated after the oilseed is harvested and represents around two-thirds of national production, farmers said.
JBS SA, the world's biggest meatpacker, reported an 86% drop in third-quarter net income compared to a year ago on Monday, sliding to around 573 million reais ($116.63 million). JBS felt pain across key business divisions and posted net revenues of 91.4 billion reais, down 7.6% year-on-year. Citing the USDA, JBS said U.S. beef exports were down 19% year-on-year through end-September, mainly due to supply restrictions combined with lower Asian demand, which hurt the firm.