JBS says its acquisitions have not broken competition rules
JBS has said in a statement to the market that none of its operations in Brazil in the beef segment have broken competition rules, and competition in the sector is intense, with new players entering the market, as barriers to entry are low.
JBS adds that Brazil's agricultural sector has itself experienced a high level of concentration. It says about a third of the animals slaughtered by JBS come from only 3% of the farmers in Brazil.
However, the company stressed that, based on data from the USDA, and specialized publication ANUALPEC, from Informa Economics FNP, JBS's share of the Brazilian slaughter market is 15.4% (2011), which demonstrates the low level of concentration in Brazil.
Information provided by Agência Estado