Food prices poised to surge with fertilizer at highest in years farmprogress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from farmprogress.com Daily Mail and Mail on Sunday newspapers.
By Fabiana Batista and Marvin G. Perez The price of a cup of coffee keeps rising and nobody seems to care. Prices for arabica beans are up 50 per cent in the past 12 months, hitting seven-year highs in July after drought and frost damaged crops in top producer Brazil and signaled tight world supplies for at least two years. The rally comes as high freight costs and shipping
Surging Shipping Rates Seen Tightening Sugar Market gcaptain.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gcaptain.com Daily Mail and Mail on Sunday newspapers.
By Fabiana Batista
JBS SA, the world’s largest meat producer, said its U.S. unit is boosting worker pay at beef plants and investing more than $130 million to increase processing capacity.
The Brazil-based company is expanding capacity at two of its major beef processing facilities in Grand Island and Omaha, Nebraska, JBS said in a statement Wednesday. The $150 million in annualized pay increases is for workers across nine beef plants.
The announcement comes as pressure mounts on the industry to share more of its profits with ranchers and workers. The expansions lift capacity by almost 300,000 head of cattle per year, providing “increased access and opportunity for the more than 1,100 local cattle producers who support the facilities,” JBS said.