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JBS expands plant-based meat business


Bloomberg | Feb 25, 2021
By Tatiana Freitas
Demand for faux burgers is growing so rapidly that JBS SA, the world’s biggest meat supplier, said it will likely set up a new global company focused solely on plant-based products.
Meat from animals will be a pricey luxury in the future, and people will have to turn to vegetable-derived alternatives, which will be cheaper, JBS’s Chief Executive Officer Gilberto Tomazoni told Bloomberg in an interview. In addition, the world’s population is booming and expected to reach 10 billion by 2050. The amount of meat needed to satisfy the world’s protein needs won’t be possible to produce. ....

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Traders sue Brazilian farmers for defaulting on early sales


BanksPhotos/iStock/Getty Images
Farmers may be able to make more money by paying fine in contract and selling the same soybeans on the spot market.
Bloomberg | Feb 24, 2021
By Tatiana Freitas
Some Brazilian soybean farmers are defaulting on forward sales made months ago when prices were lower, sparking lawsuits and potentially causing financial losses for trading houses.
Farmers in the world’s largest producer and exporter of the oilseed have sold the most supply ever in advance this season, boosted by strong demand and a weak Brazilian real. By last July, 40% of the 2020-21 crop was already disposed of, compared with the five-year average of 12%. Since the first negotiations, prices more than doubled on robust China demand, causing some farmers to regret selling so much volume. ....

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