JBS SA has acquired Primo Group, the largest producer of ham and bacon in Australia and New Zealand. The move, reports Bloomberg, allows the company to increase its exports to Asia.
Australia currently exports minimal quantities of pork to the world’s biggest consumer of the meat because of the lack of certification for local products and tariffs of as much as 20 percent that will be removed by 2018 due to a free-trade agreement announced between Canberra and Beijing this week.