Marfrig’s financial turnaround in Q1 2024 underscores the global meat industry’s complex dynamics. Heavily supported by BRF’s performance, Marfrig achieved a net profit of R$ 62.6 million ($12.15 million). This marked a significant reversal from a R$ 634 million ($122.91 million) loss last year. Marfrig is one of the largest meat processors in Brazil, playing […]
Related Posts
Scoreless Standoff: São Paulo vs. Palmeiras in Endrick’s Likely Farewell
On a brisk Monday night at the iconic Morumbi Stadium, São Paulo and Palmeiras played to a 0-0 draw. This match might mark Endrick’s last appearance for Palmeiras before the Copa América. He is expected to join Brazil’s national team for a derby against Corinthians. The third Clássico Choque-Rei of the year saw intense action […]
Russia Hikes Wheat Export Tax by 41% Amid Closed-Door Talks with Exporters
Russia has raised its wheat export tax by 41%, from 1,328.30 rubles to 1,872 rubles ($333) per metric ton, effective October 16, 2024. This change comes as the Agriculture Ministry held a private meeting with major exporters to discuss this year’s sales. The tax hike reflects higher prices for Russian wheat in Saudi Arabia’s recent […]
Samba Between Giants, Brazil Dances with U.S. and China
(Analysis) Brazil occupies a pivotal role in the escalating rivalry between the United States and China. As a major regional power, Brazil must carefully navigate its relationships with both global giants. This delicate balancing act shapes Brazil’s economic and diplomatic strategies on the global stage. Trade figures highlight Brazil’s complex position. China stands as Brazil’s […]