Brazilian agribusiness is losing up to $1 billion dollars a year as rising deforestation cuts rainfall in the southern Amazon - a problem set to expand if forest loss continues, a group of Brazilian and German researchers have warned.
Chicago Mercantile Exchange (CME) lean hog futures were mostly higher on Thursday on elevated pork prices and strong demand, although profit-taking clipped some of the gains, traders said.
China Youran Dairy Group raised $643 million in its Hong Kong initial public offering (IPO) by pricing its shares at the bottom of an indicated price range at HK$6.98 each, according to two sources with direct knowledge of the matter.
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SAO PAULO (Reuters) -Shares in Brazilian pork and poultry processor BRF SA closed up nearly 10% on Tuesday after beef producer Marfrig Global Foods SA asked antitrust watchdog CADE to approve its purchase of almost a quarter of BRF’s stock.
FILE PHOTO: A worker cuts up joints of beef at the Marfrig Group slaughterhouse in Promissao, 500 km northwest of Sao Paulo October 7, 2011. REUTERS/Paulo Whitaker/File Photo
There were also rumors among traders that Marfrig was continuing to build on its stake throughout the day, according to the local press.
In May, Marfrig announced publicly that it had bought 24% of BRF’s outstanding shares, adding that it had no intention of influencing BRF’s strategy or management.