Cargill targets BZL beef biz
Cargill Looks To Enter Brazil Beef Business - Report
Monday April 18, 2005
SAO PAULO (Dow Jones)--U.S. agribusiness company Cargill (CAG.YY) may enter the Brazilian beef industry following its purchase of major chicken firm Seara Alimentos last year, a Seara official said Monday, according to local business daily Valor Economico.
Recently Cargill entered in a joint venture to produce beef in Argentina with Finex Cor.
"Brazil is the largest animal protein market in the world," said Serio Rial, Seara's new president-director.
Brazil was the world's largest exporter of beef in 2004 and the largest chicken exporter.
Cargill bought Seara Alimentos for $130 million last year, signaling the company`s entry into the Brazilian meat industry. According to Rial, Brazil will become the company's principal platform for chicken exports.
Cargill Looks To Enter Brazil Beef Business - Report
Monday April 18, 2005
SAO PAULO (Dow Jones)--U.S. agribusiness company Cargill (CAG.YY) may enter the Brazilian beef industry following its purchase of major chicken firm Seara Alimentos last year, a Seara official said Monday, according to local business daily Valor Economico.
Recently Cargill entered in a joint venture to produce beef in Argentina with Finex Cor.
"Brazil is the largest animal protein market in the world," said Serio Rial, Seara's new president-director.
Brazil was the world's largest exporter of beef in 2004 and the largest chicken exporter.
Cargill bought Seara Alimentos for $130 million last year, signaling the company`s entry into the Brazilian meat industry. According to Rial, Brazil will become the company's principal platform for chicken exports.
Thes are your fellow Americans Haymaker. Instead of warring with Canadian producers, you might have to get Rcalf all over a civil war to save your ranches.