Did you know that a monumental agreement between Brazilian meat giants and Saudi Arabia just significantly boosted its food supply, impacting an entire region’s food security? Brazilian powerhouse MBRF, formed from the merger of Marfrig Global Foods and BRF, has dramatically expanded its contract with the Saudi Agricultural and Livestock Investment Company (Salic), doubling poultry volumes to 600,000 metric tonnes annually. Furthermore, this amended deal now includes a massive provision of up to 270,000 tonnes of beef. This strategic partnership, underpinned by Saudi Arabia’s sovereign wealth fund (PIF) owning Salic, is crucial for strengthening the Kingdom’s food security. Marcos Molina, MBRF’s chairman, emphasized how the merger created a “multi-protein platform,” enabling this significant inclusion of beef. The move also leverages BRF’s existing meat joint venture in Saudi Arabia with Halal Products Development Company (HPDC), creating BRF Arabia Holding for expanded distribution across multiple Middle Eastern countries. This isn’t Salic’s first foray into Brazilian protein, having previously partnered with Minerva Foods, and Marfrig itself has expanded through acquisitions of Minerva’s assets across South America. The sheer scale and strategic implications of this deal are truly astonishing. Don’t miss out on more critical global business developments like this; be sure to subscribe to our channel!
Follow us on social media:
– X: @BollyMirch
– Instagram: @bollymirch
📱 Tags & Keywords:
#meat #brazil #saudiarabia #mbrf #salic #foodsecurity #merger #beef #poultry #marcosmolina
About the Author
