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Brazil's JBS suspends cattle purchases in some plants
SAO PAULO, Sept 13 (Reuters) - Certain units of JBS SA
, the world’s largest meatpacker, have suspended
cattle purchases temporarily following the arrest of Chief
Executive Wesley Batista, a source told Reuters on Wednesday on
condition of anonymity because of the sensitivity of the issue.
Ranchers said, according to the source, the company "had no
price to offer" after reaching out to JBS at the plants of Juara
and Pontes e Lacerda, in the state of Mato Grosso. "There is a
market scare, some risk aversion, and JBS plants suspended
cattle purchases," Lygia Pimentel, director of consultancy
Agrifatto, told Reuters in a separate interview.
(Reporting by Roberto Samora and Ana Mano; Writing by Ana Mano;
Editing by Jonathan Oatis)
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