×

Food Products Agricultural Producers

  • SAO PAULO, June 16- Shares of JBS SA erased gains on Friday after a source denied that Abu Dhabi sovereign wealth fund Mubadala Development Co was arranging partners to make a bid for control of the world's largest meatpacker. Exame, which did not say how it obtained the information, said other bidders, including U.S. food producer Cargill Inc, might be interested in...

  • SAO PAULO, June 16- Shares of JBS SA jumped on Friday after Brazilian financial magazine Exame reported that Abu Dhabi sovereign wealth fund Mubadala Development Co PJSC is arranging partners to make a bid for control of the world's largest meatpacker. Other bidders, including U.S. food producer Cargill Inc, might be interested in acquiring certain JBS assets,...

  • WASHINGTON/ NEW YORK, June 14- The United States and Mexico on Wednesday finalized terms of a sugar trade pact that seeks to resolve a years-long dispute between the governments before a North American trade deal is renegotiated. Commerce Secretary Wilbur Ross and Mexican Economy Minister Ildefonso Guajardo announced an agreement in principle.

  • SAO PAULO, June 14- JBS SA, whose controlling shareholder recently agreed to pay the world's largest leniency fine ever, has hired lawyer Marcelo Proença to become global head of compliance, as the world's biggest meatpacker seeks to turn the page on a massive corruption scandal. Last month, Brazil's billionaire Batista family- which owns over 40 percent of JBS...

  • The changes are part of Elk Point's selection as site of a multibillion-dollar defamation case pitting ABC News against South Dakota- meat processor, Beef Products Inc. The company contends that ABC and reporter Jim Avila defamed it by referring to its signature product as "pink slime" in 2012 broadcasts. ABC is a unit of Walt Disney Co.. While BPI could face an...

  • The changes are part of Elk Point's selection as site of a multibillion-dollar defamation case pitting ABC News against South Dakota- meat processor, Beef Products Inc. The company contends that ABC and reporter Jim Avila defamed it by referring to its signature product as "pink slime" in 2012 broadcasts. ABC is a unit of Walt Disney Co.. While BPI could face an...

  • NEW YORK, June 9- For the last U.S.-based manufacturer of the red and white striped candy cane that is a ubiquitous North American holiday season treat, the sugar supply deal struck between Mexico and Washington is anything but sweet. The competitors of Ohio- based Spangler Candy Co have, over the years, moved their plants south to Mexico and beyond to gain...

  • NEW YORK, June 9- For the last U.S.-based manufacturer of the red and white striped candy cane that is a ubiquitous North American holiday season treat, the sugar supply deal struck between Mexico and Washington is anything but sweet. The competitors of Ohio- based Spangler Candy Co have, over the years, moved their plants south to Mexico and beyond to gain...

  • SAO PAULO, June 8- Brazil has approved commercial use of a genetically modified sugarcane, setting a milestone for the country's highly competitive sugar industry as this is the first time such permission has been granted anywhere in the world. Brazil has about 10 million hectares of sugarcane fields and potential to plant GM cane in up to 15 percent of this area,...

  • KUALA LUMPUR, June 8- Malaysian investigators spent nearly eight hours at the headquarters of Felda Global Ventures Holdings on Thursday, collecting documents and interviewing company officials following allegations of corruption and abuse of power at the world's third-largest palm oil operator. The Malaysian Anti-Corruption Commission is looking...

  • KUALA LUMPUR, June 8- Malaysian anti-graft investigators began collecting documents at the headquarters of Felda Global Ventures Holdings on Thursday in their probe of corruption and abuse of power at the world's third-largest palm oil company. A MACC spokesman said the anti-graft agency was at FGV's offices in Kuala Lumpur "to collect supporting...

  • MEXICO CITY, June 7- Mexican sugar producers still want an investigation into suspected dumping in Mexico by U.S. fructose producers even after a U.S.- Mexico deal on access to the U.S. sugar market, the head of the Mexican sugar industry group said on Wednesday. Mexico on Tuesday conceded to U.S. demands for changes in the terms of Mexican access to the lucrative...

  • MEXICO CITY, June 7- Mexican sugar producers still want an investigation into suspected dumping in Mexico by U.S. fructose producers even after a U.S.- Mexico deal on access to the U.S. market for Mexican sugar, the head of the Mexican sugar industry group said on Wednesday.

  • WASHINGTON/ NEW YORK, June 6- Mexico on Tuesday conceded to U.S. demands for changes in the terms of Mexican access to the lucrative U.S. sugar market, striking a deal with Washington that will likely lift prices of the sweetener to U.S. food processors and consumers. Sugar producers in the United States refused to endorse the agreement in principle between the two...

  • WASHINGTON/ NEW YORK, June 6- Mexico agreed to significant concessions on Tuesday to maintain its access to the lucrative U.S. sugar market, but U.S. sugar producers refused to endorse the deal between the governments, raising the risk that it could collapse. Commerce Secretary Wilbur Ross and Mexican Economy Minister Ildefonso Guajardo aims to aims to avoid...

  • NEW YORK, June 6- The United States and Mexico on Tuesday agreed on a new deal to allow Mexican sugar access to U.S. markets, although it is not endorsed by the U.S. sugar industry. New deal Old deal Minimum prices 23 cents per lb for raw sugar, 28 22.25 cents per lb. cents for refined sugar 26 cents for refined sugar Refined vs. raw sugar 30% refined, 70% raw sugar up to 53%...

  • RPT-ROSS SAYS AGREEMENT IS BETWEEN TWO GOVERNMENTS, WILL WORK IN FINAL DRAFTING PROCESS TO MAKE IT EASIER FOR U.S.

  • Commerce Secretary Wilbur Ross said the "agreement in principle" with Mexican Economy Minister Ildefonso Guajardo calls for Mexico to reduce the share of refined sugar in its exports to the United States, while increasing the share of raw sugar. He said Mexico met nearly every request by the U.S. sugar industry to fix problems with a 2014 sugar trade agreement.