Brazil’s JBS SA has agreed to sell its feed lots in Canada and an adjoining farm to MCF Holdings Ltd for $40 million, the company said in a securities filing on Friday.
According to the terms of the agreement JBS’ subsidiary Food Canada Inc. signed, MCF will continue to supply cattle to JBS Canada’s unit in Brooks, the filing said. On June 20, after its controlling shareholder paid a record fine for involvement in corruption, JBS announced the intention to sell $1.8 billion in assets, including its U.S. cattle feeding operation.
By Tatiana Bautzer
Cargill is investing $150 million in a new plant that produces advanced biofuels from waste and residues, in an effort to further promote circular economy.
The European Parliament has voted to reject the ban on plant-based products using names typically associated with meat products, but has voted in favour of a plant-based dairy ban.
Researchers have developed a portable device that detects how much capsaicin a pepper contains with the help of a smartphone.