Latest Breaking News On - Brazil based marfrig - Page 1 : comparemela.com
5/18/2021
By Nayara Figueiredo
SAO PAULO, May 18 (Reuters) - Shares in Brazilian
meatpackers slid on Tuesday after their operations in Argentina
were hit with a 30-day beef export ban in that country, as
Buenos Aires struggles to rein in rampant inflation.
The decision mainly affects Brazil-based Marfrig
and Minerva, which have multiple plants there.
Minerva will potentially be most affected because its
operations in Argentina represent about 10% of global sales,
said Rodrigo Brolo, head of agribusiness advisory at Criteria
Investimentos.
Minerva s potential use of Brazil as an alternative export
base is not so simple, Brolo said, because Argentina s cattle
and cuts sold by the company from there are different.
Argentina
China
Paraguay
Uruguay
Colombia
Buenos-aires
Distrito-federal
Brazil
Argentine
Brazilian
Alcides-torres
Rodrigo-brolo
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SAO PAULO, May 18 (Reuters) - Shares in Brazilian
meatpackers slid on Tuesday after their operations in Argentina
were hit with a 30-day beef export ban in that country, as
Buenos Aires struggles to rein in rampant inflation.
The decision mainly affects Brazil-based Marfrig
and Minerva, which have multiple plants there.
Minerva will potentially be most affected because its
operations in Argentina represent about 10% of global sales,
said Rodrigo Brolo, head of agribusiness advisory at Criteria
Investimentos.
Minerva s potential use of Brazil as an alternative export
base is not so simple, Brolo said, because Argentina s cattle
and cuts sold by the company from there are different.
Argentina
China
Paraguay
Uruguay
Colombia
Buenos-aires
Distrito-federal
Brazil
Argentine
Brazilian
Alcides-torres
Rodrigo-brolo