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Brazil’s JBS signs massive deal with WH Group

Brazilian meatpacker JBS SA has inked an agreement with Hong Kong’s WH Group that will send up to $717 million of fresh beef, pork, and poultry to the Chinese market. 

Renato Costa, president of Friboi, one of the two branded products that will be exported to China by JBS, says the deal is an opportunity to evolve their supply chain and is an unprecedented business model for JBS.

The first shipments to China under the agreement will start sometime in the first quarter of 2020.