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Morning round-up, Friday July 12

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* Brazilian meat processors BRF and Marfrig have announced that they will be calling off merger talks.

 

The companies made the announcement in a securities filing, adding that they ended negotiations because they could not agree on a suitable governance structure.

 

 

 

* Brazil has asked the World Trade Organisation (WTO) to set up a panel to resolve its dispute with India over that country’s sugar subsidies.

 

According to a statement from the Brazilian foreign affairs and agriculture ministries, the South American country believes that India is distorting global sugar markets and claims that it has doubled the minimum price for sugarcane since the 2010/2011 season.

 

 

 

* China’s Ministry of Agriculture and Rural Affairs reported a new outbreak of African swine fever in the country’s Hubei province.

 

According to statement from the ministry, the latest case occurred on a farm with 102 pigs.


China, so far, has reported more than 140 outbreaks of the disease.

 

Its first case was reported last year August.

 

 

 

* Myronivsky Hliboproduct (MHP) will be investing EUR 200 million in the operations of Perutnina Ptuj, the Slovenian poultry producer it acquired in February.

 

Part of the investment has been earmarked for Perutnina’s operations in Bosnia’s Serb Republic.


According to an official statement from the country’s ministry of agriculture, MHP made the announcement during a meeting on Bosnian poultry production with Minister Boris Pašalić.


It also revealed that MHP will be making its investment in Perutnina over the next four to five years.

 

 

 

* According to data from the European Commission, the EU’s average raw milk price dropped by 1.5% in May from the month before to 33.8 Euro cents per kilogramme.

 

This price is 5% higher than the same period last year and 8% higher than the average price for the past five years.


Data also showed that the milk price in New Zealand fell by 2% in May from the month before.

 

US milk prices climbed in May and are now at a level 13% higher than the same period in 2018.

 

 

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