Brazil’s JBS to supply China with up to in $717 million deal with WH Group

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BRASILIA, Jan 27 (Reuters) – 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 $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.

 

 

Jake Spring

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