date:Jun 04, 2019
d Marfrig would cover 15 percent. In 2018, the firms combined net revenues were estimated at around BRL 76 billion (US$19.4 billion).
The potential merger highlights the uptick in business for Brazilian meat companies, noted as the onset of African swine fever continues to grip Chinese pork markets. Asias biggest pork producer and consumer is projected to lose 10 percent of its pork production this year due to the disease, according to the US Department of Agriculture. As a result, prices and t