Brazil

Brazil's Bolsonaro Rules Out Economy Minister's 'Sin Tax' Idea

Brazil's president Jair Bolsonaro has ruled out a so-called 'sin tax' on beer, cigarettes and sugary food products, an idea floated by economy minister Pau...

Heineken Denies Brazil Lawsuit Threatens Its 2017 Takeover

Heineken, the world's second largest brewer, has denied a Brazilian newspaper report, which said that Coca-Cola Brasil had filed a lawsuit seeking to annul...

Brazil’s Supermercado Now Gets New Owner

Brazilian e-commerce firm B2W has announced the purchase of Supermercado Now, an online grocery marketplace. Supermercado Now was launched in 2016, and...

Brazil Looks To Expand Share In Global Coffee Trade After 2019 Record

Brazilian exporters believe they will increase their already large share in the global coffee trade in 2020, possibly exporting more than the record 2019 v...

Grain Trader Cargill's Q2 Profits Jump As Global Meat Demand Rises

Commodities trader Cargill Inc has posted a quarterly profit rise of more than 19%, as the animal nutrition and protein business unit tapped into...

Brazil's GPA Continues Store Reformatting Process

Brazilian retailer GPA renovated a total of 20 Pão de Açúcar supermarkets in 2019, following the rollout of a new store format in Sept...

Bunge Sells Margarine and Mayonnaise Assets In Brazil

Brazilian meat processor JBS has reached an agreement with Bunge for the purchase of its margarine and mayonnaise assets in Brazil. The deal, conducted...

Soybeans Fall On Demand Concerns, Hopes Of Record Brazilian Crop

Chicago soybean futures lost ground on Wednesday, snapping a six-session winning streak, as concerns over Chinese demand and expectations of a record Brazi...