MILLTRUST INTERNATIONAL
 

Milltrust Alert – Selected Insights from the Emerging Markets and Around our Business

December 14, 2018

BY Alexander Kalis
MANAGING PARTNER

Key Story

Growth in the world’s second-biggest economy slowed again in November, with retail sales posting the worst performance since May 2003 and industrial production decelerating to 5.4 percent, below all estimates. The data is symptomatic of the wider problems facing China, where the trade dispute with the U.S. is just one of a number of factors wiping $2 trillion in value from the country’s stock market this year. Little wonder then that the Asian nation seems to be stepping up efforts to find a lasting agreement with its largest partner in commerce.

KEY SOUNDBITES

KEY INVESTMENT

Minerva Foods is one of the leading producers and sellers of beef, leather, live cattle exports and cattle byproducts in South America, Minerva is among Brazil’s three largest exporters, selling its products to some 100 countries, as well as processing beef, pork and poultry products.

Minerva’s history pictures its consistent, sustainable growth over the years. The Company’s growth is intertwined with the history of cattle raising in Brazil – the Vilela de Queiroz family was an active participant in the development of the sector in the country, being recognized for excellence in raising and transporting cattle.

KEY CHARTS

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