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Food Products Agricultural Producers

  • Reuters reported on Thursday that BRF wants to raise about $1.5 billion from the sale of a 20 percent stake in the unit, known as One Foods Holdings Ltd. In a Friday securities filing in response to the report, BRF said the IPO could take place in London but it is also gauging a private placement.

  • BRF, a Brazilian behemoth created through the merger of two rivals in 2009, is likely to pick London as the listing place for One Foods, they added. Proceeds could be used to help propel the expansion of One Foods into Asian Muslim nations. One Foods, which operates ten plants and has 15,000 employees, already controls 45 percent of the poultry market in Saudi Arabia,...

  • HAVANA, Dec 27- Cuba's economy shrank 0.9 percent this year in tandem with the crisis in its key trading partner Venezuela, its economy minister told the National Assembly on Tuesday in a closed-door speech, predicting a slightly brighter outlook for 2017.. The figure suggests the island nation's economy contracted sharply in the second half of 2016 after the...

  • HAVANA, Dec 27- Cuba's economy shrank 0.9 percent this year due to a fall in exports to its oil-producing allies as they struggled with the long slump in global fuel prices, its economy minister told the National Assembly on Tuesday in a closed-door speech. In excerpts published by official media, Economy Minister Ricardo Cabrisas told the National Assembly...

  • LONDON, Dec 18- Richard Bunce says he felt sick when voters decided to take Britain out of the European Union in June, forcing him into a emergency review of his firm's expansion plans. Now he plans to spend another 750,000 pounds on robotic metal-working equipment at Mec Com's plant near Stafford, a town 135 miles northwest of London, after landing a big contract...

  • SAO PAULO, Dec 5- Brazilian food maker JBS SA, the world's largest beef processor, plans to launch shares of its subsidiary JBS Foods International B.V. in the United States in the first half of 2017 as a part of a larger reorganization, the company said on Monday. Under the plan, the unit currently based in the Netherlands would be responsible for managing all of the...

  • SAO PAULO, Dec 5- Brazilian food maker JBS SA, the world's largest beef processor, plans to launch shares of its subsidiary JBS Foods International B.V. in the United States in the first half of 2017, said the company on Monday.

  • *Malaysian Palm Oil Board data due Dec 13, after 0430 GMT. KUALA LUMPUR, Dec 5- Malaysia's stockpile of palm oil for November is expected to have grown at its sharpest monthly pace in five months, with a slump in exports outpacing a drop in production. Palm was up 0.9 percent at 3,104 ringgit per tonne at the midday break on Monday.

  • *Wilmar acknowledges "labour issues" in Indonesia palm oil sector. JAKARTA, Nov 30- Global consumer companies, including Unilever, Nestle, Kellogg and Procter& Gamble, have sourced palm oil from Indonesian plantations where labour abuses were uncovered, Amnesty International said on Wednesday. Children as young as eight worked in "hazardous" conditions at palm...

  • KUALA LUMPUR, Nov 30- Human rights abuses at palm oil plantations are going unpunished by the industry watchdog due to weak rules, critics say, as an Amnesty International report on Wednesday exposed severe violations at Indonesian plantations. "Simply put, the RSPO does not protect workers and is unable to provide truly responsible palm oil," said Emma Lierley,...

  • *Wilmar acknowledges "labour issues" in Indonesia palm oil sector. JAKARTA, Nov 30- Global consumer companies, including Unilever, Nestle, Kellogg and Procter& Gamble, have sourced palm oil from Indonesian plantations where labour abuses were uncovered, Amnesty International said on Wednesday. Children as young as eight worked in "hazardous" conditions at palm...

  • KUALA LUMPUR, Nov 30- Human rights abuses at palm oil plantations are going unpunished by the industry watchdog due to weak rules, critics say, as an Amnesty International report on Wednesday exposed severe violations at Indonesian plantations. "Simply put, the RSPO does not protect workers and is unable to provide truly responsible palm oil," said Emma Lierley,...

  • JAKARTA, Nov 30- Global consumer companies, including Unilever, Nestle, Kellogg and Procter& Gamble, have sourced palm oil from Indonesian plantations where labour abuses were uncovered, Amnesty International said on Wednesday. Children as young as eight worked in "hazardous" conditions at palm plantations run by Singapore- based Wilmar International Ltd and...

  • Mehmet Oz on Tuesday under a largely untested Georgia food libel law, objecting to his claims that much of the imported extra virgin olive oil sold in U.S. supermarkets may be fake. Some members of the trade group conduct business in Georgia. The suit said Oz, host of a popular daytime TV talk show devoted to health issues, violated the Georgia law when he stated that...

  • *More biodiesel use in Indonesia, U.S. to tighten supply. NUSA DUA, Indonesia/ SINGAPORE, Nov 25- Lower output of palm oil and tight supplies of rival soybean oil are likely to give a short-term boost to the tropical product which hit four-year highs this week, before an expected reversal late next year as production recovers. Higher mandates for biodiesel...

  • *But says Indonesia demand for biodiesel to rein in declines. NUSA DUA, Indonesia, Nov 25- Prices for crude palm oil will drop nearly 30 percent by the third quarter of 2017 as global production recovers from the effects of last year's El Nino weather pattern, leading industry analyst James Fry said on Friday. In both H1 and H2, world output will be around 3 million...

  • NUSA DUA, Indonesia, Nov 25- Output of crude palm oil in world No.1 producer Indonesia could increase by up to 16 percent to between 32 million and 33 million tonnes next year, an industry group said on Friday. "In 2016, Indonesia experienced a wet dry season, which is favorable for oil production, so we expect that production will be back to its normal trend," said Fadhil...

  • Nov 21- Tyson Foods Inc shares tumbled more than 14 percent on Monday after the nation's biggest meat processor forecast lower-than-expected 2017 profit and said well-regarded Chief Executive Officer Donnie Smith would step down at the end of the year. Smith's departure surprised some on Wall Street, who regard him as the company's most successful CEO.

  • Nov 21- Tyson Foods Inc shares tumbled almost 15 percent on Monday after the nation's biggest meat processor forecast lower-than-expected 2017 profit and said Chief Executive Officer Donnie Smith would step down at the end of the year. Tyson expects profit of $4.70 to $4.85 a share in the year ending September 2017, below analysts' average estimate of $4.98.

  • Nov 21- Tyson Foods Inc shares tumbled almost 16 percent on Monday after the nation's biggest meat processor forecast lower-than-expected 2017 profit and said Chief Executive Donnie Smith would step down at the end of the year. The seller of Jimmy Dean sausage and Ball Park hot dogs expects profit of $4.70 to $4.85 a share in the year ending September 2017, below...