Burger King (NYSE:BKC) announced that it has agreed to sell itself to an investment firm based out of Brazil in a deal valued at approximately $4 billion, which includes the assumption of debt.

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The Ministry of Agriculture, with the support of the Arab Brazilian Chamber of Commerce, has opened registration for Brazilian companies interested in participating in the Saudi Agro-Food fair, to take place from 4-7 October, in Riyadh, the Saudi capital.

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Brazilian President Luiz Inacio Lula da Silva has approved limits on how much land foreigners can own in Latin America's biggest country.

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The launch of the Orego-Stim range in Brazil will take place at the Pork Expo & 5th International Forum on Swine Production. Meriden will be attending this event along with the distributor, Imuvet Comercial Ltda.

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Burger King (NYSE:BKC) announced that it has agreed to sell the company to an investment firm based out of Brazil in a deal valued at approximately 4 billion US dollars, which includes the assumption of debt.

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BRF Brasil Foods was elected Company of the Year from among The Best of Dinheiro 2010. The ranking contemplated 500 of the largest Brazilian companies operating in 25 different sectors. BRF was also placed first in the food sector.

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The emerging conventional wisdom about world farming is gloomy. There is an alternative

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Brazil has overtaken Canada and Spain to become the world’s eighth largest economy, relegating Spain to ninth place, Spanish newspaper Expansión reported Wednesday. According to the paper, and based on data from Bloomberg, comparing the growth of the world’s top ten economies between the period ranging from the second quarter of 2006 to the first quarter of 2007, and the second quarter of 2009 to the first of 2010, Spain lost its eighth place to Brazil and became the world’s ninth largest economy (by gross domestic product in these periods).

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The Brazilian National Agricultural Confederation (CNA - the largest and most important body representing Brazilian cattle and agricultural producers) supports the changes being made to the local cattle traceability system (SISBOV). The changes are expected to decrease the bureaucracy and costs of the current system (Beefpoint).

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Chef Almir Da Fonseca of Sebastopol grew up on a sugar cane plantation and cattle ranch outside of Rio de Janeiro, where he butchered his first cow at age 11.

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Brazilian farmers will have genetically modified (GM) rice available within five years. That is the prediction of Dr Alda Lerayer, director of the national biotechnology association, the CiB.

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Brazil meatpacker Marfrig (MRFG3.BR) on Tuesday said that it continues to eye large synergies from its two recent acquisitions of U.S.-based Keystone Foods and local company Seara Alimentos Ltd. Marfrig, which is one of Brazil's largest meatpackers, expects around $100 million in synergies from its recent acquisition of U.S.-based Keystone Foods by 2012.

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Brazilian President, Inácio da Silva, has encouraged the Ministers of Agriculture (MAPA) and External Trade and Industry Development to jointly develop creative ways to expand Brazilian meat exports and diversify into new markets.

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The Ministry of Agriculture, with the support of the Arab Brazilian Chamber of Commerce, has opened registration for Brazilian companies interested in participating in the Saudi Agro-Food fair, to take place from 4-7 October, in Riyadh, the Saudi capital.

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One of Brazil’s media icons becomes first 100% digital newspaper Starting Wednesday September 1, 2010, Jornal do Brasil, celebrating its 119th year, will become the first 100% digital newspaper in Brazil.

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Authorities say a group of heavily armed men disguised as police officers invaded a slaughterhouse in southeastern Brazil and stole more than 100 tons of meat.

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JBS currently intends to merge Vigor into JBS, with JBS as the surviving entity (the "Vigor/JBS Merger"). If the Vigor/JBS Merger occurs, JBS will assume all of Vigor's obligations under the Indenture and will be restricted by its covenants. The existing covenants in the Indenture, to the extent that such covenants are more restrictive than the covenants in JBS' existing indebtedness, will limit the flexibility of JBS and its subsidiaries to conduct their respective businesses. Vigor is seeking Consents from Holders of the Notes to the Proposed Amendments in order to preserve such flexibility. The operativeness of the Proposed Amendments is not conditioned on the consummation of the Vigor/JBS Merger.

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Brazil forecasted to harvest smallest orange crop in eight years Orange growers in Brazil, the world’s biggest producer, will harvest the smallest crop in at least eight years after rains hindered flowering, said Margarete Boteon, a University of Sao Paulo researcher.

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Monsanto Company confirmed that at yesterday's National Technical Biosafety Committee (CTNBio) meeting in Brazil, the committee approved Monsanto's Bt Roundup Ready 2 Yield® soybean product for planting in Brazil.

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JBS journey from small slaughtering house to global giant Besta Shankar - International Business Times - August 29, 2010

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Novogen has reached an agreement with Globoaves for the distribution of Novogen brown and white layers in Brazil. Globoaves operates through the newly created company “Novogen Avicultura Ltda”.

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Gross sales totalled BRR6.3 billion, 4.3 per cent higher, reflecting the good performance recorded in the domestic market and improvement in important international markets such as Asia and Eurasia.

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Tuesday said investments in its brands should help hike sales at home and abroad in the third quarter of 2010.

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Driven by stronger sales in the Brazil operations, Marfrig's gross revenue reached BRR3.8 billion in the second quarter, up 10 per cent on the amount registered in the prior quarter. In the year to date, gross revenue was BRR7.2 billion, 43 per cent higher than in the same six-month period of 2009.

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President Luiz Inacio Lula da Silva has transformed Brazil’s state development bank into a key engine of economic growth since his re-election in 2006. Yet Lula’s policy of pushing the bank’s involvement into so many areas of Brazilian life now threatens the momentum of the world’s eighth-largest economy.

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Brazil meatpacker Marfrig (MRFG3.BR) Tuesday said investments in its brands should help hike sales at home and abroad in the third quarter of 2010.

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JBS S.A. President Joesley Mendonca Batista said today his company is exploring more acquisition opportunities in Europe because the continent’s financial crisis has subsided.

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Brazilian meat processor Marfrig has posted a drop in second-quarter net profit as the business lapped last year's second quarter, when results were boosted by foreign-exchange movements.

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Grupo Frangos Canção is one of the fastest growing broiler integrators and poultry meat exporters in Brazil. They expanded their hatchery capacity to 83 million eggs per year with Petersime incubators.

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Brazil’s state-controlled Caixa Economica Federal will finance up to 1 billion euros ($1.3 billion) in beef shipments to Iran after private banks refused to extend credit to exporters, fearing retaliation from the U.S. and European Union, Valor Economico said.

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A company running ranches in Brazil has been fined $US2.9 million ($3.23 million) for keeping 180 of its workers in slavery on two of its properties, the country's High Labor Court announced.

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“Inflation expectations” gear Brazilian central bank rates policy Brazilian central bank President Henrique Meirelles said analysts were surprised by a smaller- than-expected interest rate increase in July because they misunderstand signals sent by policy makers beforehand.

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Brazil wants to boost trade with China in agricultural products, and will export more pork to and import more fish from China in the next few years, Brazilian Agriculture Minister Wagner Rossi said Thursday.

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Brazil's Brazilian chicken exporters association, or Ubabef, said it aims to increase chicken exports to China, local news service Estado reported on Thursday.

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Volatile exchange rates and an "abnormally high" income tax rate have hit second-quarter profits at JBS, the Brazil-based meat giant.

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Brazilian meat processor Marfrig has posted a drop in second-quarter net profit as the business lapped last year's second quarter, when results were boosted by foreign-exchange movements.

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China on course to become biggest foreign direct investor in Brazil China's direct investment in Brazil has surged, putting China on course to be the biggest foreign direct investor in Latin America's largest economy this year.

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The road to rock bottom for relations between Brazil and the United States, a dispute that now threatens business ties between the two Western Hemisphere economic giants, began in Brasilia in March.

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President Luiz Inacio Lula da Silva has transformed Brazil’s state development bank into a key engine of economic growth since his re-election in 2006. Yet Lula’s policy of pushing the bank’s involvement into so many areas of Brazilian life now threatens the momentum of the world’s eighth-largest economy.

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Al Almanza, the top administrator at the U.S. Department of Agriculture's Food Safety and Inspection Service, was quoted Monday in Food Chemical News saying that misuse of Ivermectin, a broad-based antiparasitic animal drug, is a "systematic problem" in Brazil.

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Brazilian cattle production costs increased 4.9% during the first three months of 2010, according to the latest data released by the University of Sao Paulo. Among all major production inputs, restocker cattle registered the largest increase during the period rising 6.9%. The second largest cost rise was posted by pasture mineral fertilizers, up 6.8%. Overall, total operational costs rose 1.8% during the period.

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Gross sales totalled BRR6.3 billion, 4.3 per cent higher, reflecting the good performance recorded in the domestic market and improvement in important international markets such as Asia and Eurasia.

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July's chicken exports have been hailed as a turnaround by Brazilian exporters, who point out they reached the highest volume for two years, second only to the record 327 705 tonnes shipped in May 2008.

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Sao Paulo, Brazil-based JBS S.A. reported second quarter net profits of just 3.7 million reais ($2.09 million), compared to 125.9 reais ($70.5 million) in last year’s second quarter even as revenues rose by 52 percent incorporating the purchases of Pilgrim’s Pride and Bertin.

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Brazilian beef cattle prices have risen to their highest levels for almost two years, as supplies from feedlots continue to fall below expectations.

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JBS S.A. President Joesley Mendonca Batista said today his company is exploring more acquisition opportunities in Europe because the continent’s financial crisis has subsided.

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The UK emerged as the leading buyer of processed Brazilian beef in the first half of the year, as sales from Brazil to the US were hit by a series of product recalls and a subsequent ban on shipments.

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Mateus Batistella used to be a vegetarian, but Brazilian cuisine has worn him down. At lunchtime, virtually all the restaurants offer a classic dish of thin-cut beef with salad, rice and beans, served with a cooked-flour dish called farofa. In cities and towns, traditional butchers and supermarkets alike sell every cut of beef imaginable. "It's everywhere, and it's cheap," says Batistella, who heads a satellite-monitoring research centre in the southern city of Campinas for Embrapa, the research arm of Brazil's agriculture ministry. "Today I eat beef all the time."

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The single largest employer in Latin America is US-based retailer Walmart, according to the first annual ranking of Latin America’s Top 60 Employers from Latin Business Chronicle. The company employs a whopping 326,136 people in Latin America. Nearly half of those work in Mexico alone, where Walmart de Mexico, is the country’s top employer, with 176,463 people.

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Brazil's Ministry of Agriculture announced late Thursday that it had lifted the suspension of chicken sales at three plants in southern Brazil, including one belonging to poultry giant BRF-Brazil Foods SA (BRFS3.BR, BRFS).

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Exports of beef showed recovery both in volume and in price in July 2010, according to the Ministry of Development, Industry and Foreign Trade. Revenues from sales of fresh beef rose by 46.8 per cent over 2009 to $407.8 million from $277.7 million, according to ABEIC, the Brazilian Beef Exporters Association.

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Brazil ready to confirm another record crop: 147.1 million tons Brazil is poised to confirm its largest crop ever, 147.1 million tons in 2009/2010, which is 9% higher that the 135.1 million of 2008/09 according to the latest survey from Conab, the country’s National Supply Agency. The latest record was in 2007/08 with 146 million tons.

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Brazil must do more to prove it can control contamination levels in processed beef if it is to resume shipments to the US, according to US Department of Agriculture officials.

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According to ABIPECS, Brazil exported 46,952 tons of pork in June 2010, which is 13.0 per cent less than the same month last year. Thanks to an increase of 30.5 per cent in the average price in US dollars, however, the overall value of the month's sales was 13.6 per cent higher at US$117.3 million.

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The Brazilian Association of Vegetable Oil Industries (Abiove) has expanded the estimated sale of soy grain for the period to 29.8 million tonnes, growth of 6.3 per cent. In the twelve previous months, they totalled 28.04 million tonnes. The elevation of estimates has taken place for the second time in one month. Before they were expected to reach 29.5 million tonnes.

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Sales of fresh chicken meat increased by 12.2 per cent in volume from 288,800 tonnes in 2009 to 324,100 tonnes last month. This is a rise of 5.5 per cent from June 2010, when 307,300 tons were shipped. Revenue increased 21.2 per cent compared to July last year (US$448.4 million) to $543.4 million.

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Brazilian grown cattle prices have reached the highest level for the last 18 months, mainly as a result of the current low supplies and the improvement in both domestic and export demand (Scot Consultoria).

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Mateus Batistella used to be a vegetarian, but Brazilian cuisine has worn him down. At lunchtime, virtually all the restaurants offer a classic dish of thin-cut beef with salad, rice and beans, served with a cooked-flour dish called farofa. In cities and towns, traditional butchers and supermarkets alike sell every cut of beef imaginable.

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The Federal Trade Commission has cleared the acquisition by Brazilian meat and poultry processor Marfrig Alimentos S.A. of Keystone Foods LLC in the U.S. Marfrig reported an agreement to acquire Keystone for 2.26 billion reals ($1.26 billion) earlier this year (Feedstuffs, June 21).

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Agra Europe - Thursday July 29 2010 Brazilian meat giant JBS has refuted a report suggesting the company could be looking to spin off Pilgrim's Pride to become the parent of its JBS USA unit.

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