Sector News

Brazil’s JBS to supply China with up to $717 mln per year in deal with WH Group

January 28, 2020
Food & Drink

Brazil meatpacker JBS SA said on Monday that it had signed a memorandum of understanding with Hong Kong’s WH Group to supply up to 3 billion reais ($717.26 million) of fresh beef, poultry and pork per year to the Chinese market.

The first shipments under the agreement are expected to take place in the first quarter of 2020, JBS said in a securities filing. ($1 = 4.1826 reais)

By Jake Spring

Source: Reuters

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