Brazil

World Food Price Index Ends 2023 Some 10% Below 2022 Levels

The United Nations food agency's world price index ended last year about 10% below its 2022, with values in December also down from the previous month, hel...

JDE Peet's Announces Completion Of Maratá Business

JDE Peet's has announced the completion of its acquisition of the Maratá tea and coffee business from JAV Group, for an undisclosed amount.

Tereos' Sugar Production In Brazil Grows 19% In 2023/24 Season

French sugar maker Tereos said on Friday its sugar output in Brazil grew 19% in the 2023/2024 harvest, along with better-than-expected sugarcane crushing.

Brazil's GPA Mulls €190m Share Offering To Reduce Debt

Brazilian food retailer GPA has hired banks to evaluate a potential offering of primary shares worth 1 billion reais (€190 million) as part of a broad...

Brazil’s JBS To Invest R$43m To Enhance Traceability In Cattle Supply Chain In Pará

Brazilian meatpacker JBS plans to invest R$43 million over the next three years to enhance transparency and traceability in its cattle supply chain in Par&...

Diageo Launches Responsible Drinking Campaign

Spirits giant Diageo has launched a new global responsible drinking campaign, The Magic of Moderate Drinking, to encourage consumers to drink responsibly o...

Brazil's BRF To Up Direct Grain Purchases In Bid To Boost Traceability

Brazilian food processor BRF plans to increase its direct purchases of grain from farmers to 40% of its total by next year, as it seeks to increase control...

Carrefour Brazil Shifts Focus From Hypermarkets

Carrefour Brasil is shifting its focus away from hypermarkets and towards cash-and-carry stores, shopping clubs, and neighbourhood stores in the coming yea...