Reuters: US Dollar Report: Hedging by Brazilian meatpacker JBS saved it 1 bln reais -CEO

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Hedging by Brazilian meatpacker JBS saved it 1 bln reais -CEO Aug 15th 2013, 12:02 SAO PAULO | Thu Aug 15, 2013 8:02am EDT SAO PAULO Aug 15 (Reuters) - Brazil's JBS SA, the world's largest meat producer, would have suffered losses upward of 1 billion reais ($435 million) due to exchange rate fluctuations were it not for a conservative hedging policy, the company's chief executive said on Thursday.

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