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MBRF’s global CEO Miguel Gularte stressed that the plant accounts for less than 30% of the group’s production capacity in Uruguay and that investments made there were not specifically targeted at the Chinese market.
Aug 14, 2026
The European Union’s cattle herd fell to a record low of 71.58 million head in 2025, according to data published by Eurostat, after declining 0.4% over the year and 9.7% over the past decade.
Aug 14, 2026
The Norwegian Food Safety Authority (Mattilsynet) will suspend imports of meat and meat products from Brazil as of September 3, 2026, after removing the South American country from its list of authorized suppliers for failing to guarantee compliance with European Union rules on the use of antimicrobials in animal production.
Last update 08/10/2026
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MBRF’s global CEO Miguel Gularte stressed that the plant accounts for less than 30% of the group’s production capacity in Uruguay and that investments made there were not specifically targeted at the Chinese market.
The European Union’s cattle herd fell to a record low of 71.58 million head in 2025, according to data published by Eurostat, after declining 0.4% over the year and 9.7% over the past decade.
The Norwegian Food Safety Authority (Mattilsynet) will suspend imports of meat and meat products from Brazil as of September 3, 2026, after removing the South American country from its list of authorized suppliers for failing to guarantee compliance with European Union rules on the use of antimicrobials in animal production.
In the first half year, the output of pork, beef, mutton and poultry was 50.50 million tons, up by 4.3% year on year.
Joaquín Labella, who co-founded the company with Portugal’s Francisco Roque de Pino, said on The Landcast podcast that the company is already preparing to enter Argentina by late August and that its long-term goal is to become the world’s leading grass-fed cattle finishing company.
MBRF closed the second quarter of 2026 with net revenue of R$ 40.7 billion, up 4.9% from the same period last year, while EBITDA increased 5.4% to R$ 3.2 billion.
MBRF’s South American beef business posted strong revenue growth in the second quarter of 2026, supported by both higher sales volumes and stronger sales values, although rising costs prevented an improvement in margins.
Minerva Foods reported consolidated gross revenue of R$ 15.1 billion in the second quarter of 2026, up 2.4% from the same period last year. However, its main profitability indicators deteriorated year-on-year.
The geographic diversification of its operations and its ability to redirect products among different destinations were two of the points highlighted by Minerva Foods’ management when presenting its second-quarter 2026 results.
