Chipotle Mexican Grill Inc.’s supply shortages, which led to “rolling blackouts” of carnitas in recent months, are expected to last until the end of the year, threatening to undercut the restaurant chain’s growth.
JBS SA, the world’s biggest meat producer, said it plans to increase exports to Asia after paying $1.3 billion to buy Primo Group, the largest producer of ham and bacon in Australia and New Zealand.
Vietnam plans to sow genetically modified crops for the first time as demand for corn to fatten hogs expands in the country where pork consumption climbed 80 percent in the past decade.
Smithfield’s Pope is slated to testify today and answer questions about intellectual property and the effects of greater foreign ownership of U.S. agribusiness.
Smithfield Foods Inc., the U.S. hog producer that agreed to a $4.7 billion acquisition by Shuanghui International Holdings Ltd. in May, was urged by a key investor to split itself up instead.
