Bunge subsidiary Seara Alimentos of Brazil is currently negotiating a deal with US company Tyson Foods.
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If completed, the deal would see Seara selling processed poultry and hog products to Tyson for export. Seara has two processed product plants which are currently producing 3000 tonnes per month below their 13,000 tonne capacity. This year during the Q2 period Seara exported 64% of its overall output compared with 45% in the same period last year, while domestic sales fell 7.7%. The deal with Tyson will help Seara in its aim to focus on the international market.
In the first half of 2002, Seara’s gross income increased 24%, compared to the same period last year, to 752.7m reals (US$203.7m), reported Gazeta Mercantil.
