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Thursday, February 3, 2022
BRF raises US$1 billion in its biggest share offering this year
Major meatpacker BRF SA has raised BRL 5.4 billion (~US$1 billion; BRL 1 = US$0.19) in Brazil's biggest share offering of 2022 as it looks to cut its debts, Bloomberg reported.
Monday, January 17, 2022
BRF to set up poultry joint venture with Saudi Arabian sovereign fund
Major Brazilian meatpacker BRF SA will set up a poultry joint venture with Saudi Arabia's Public Investment Fund (PIF) to produce poultry products in the country, Reuters reported.
Tuesday, August 17, 2021
BRF having hard time passing higher grain costs to product prices in Q2
BRF SA struggled to pass on higher grain costs to product prices in the second quarter, its chief executive, Lorival Luz, told analysts.
Monday, July 19, 2021
BRF reveals commitment to Net Zero greenhouse gas emissions goal
BRF (Brazil Foods) has recently announced its commitment to achieve Net Zero greenhouse gas (GHG) emissions by 2040, both in its operations and production chain.
Monday, May 24, 2021
Marfrig becomes top shareholder in BRF
Brazilian beef producer Marfrig Global Foods SA announced last Friday it had bought 24% of BRF SA's outstanding shares for US$800 million, targeting to diversify its holdings rather than influence management, Reuters reported.
Friday, May 14, 2021
BRF Q1 profits below analysts' estimates
Major Brazilian food processor BRF SA posted a net profit of BRL 22.4 million (~US$4.22 million; BRL 1 = US$0.19) in the first quarter of this year, below analysts' estimates of BRL 112.7 million (~US$21.2 million), but higher than the BRL ...
Friday, May 14, 2021
BRF says Saudi Arabia's revised frozen chicken shelf life rules could affect sales
Lorival Luz, chief executive for major global meatpacker BRF SA, said Saudi Arabia's proposed revised frozen chicken shelf life rules could affect the company's sales in that country, Reuters reported.
Friday, May 14, 2021
JBS and BRF affected by surging feed costs in domestic market
Major Brazilian meatpackers JBS SA and BRF SA said it is difficult to pass on rising feed costs to consumers in the Brazilian market, Reuters reported.
Tuesday, May 11, 2021
Romanian poultry producer acquires operations of BRF subsidiary
Romanian poultry producer Aaylex, which operates under the CocoRico brand, has completed the acquisition of the Romanian operations of Turkish group Banvit Foods.
Wednesday, March 17, 2021
BRF approved to export chicken wings to Canada
Major Brazilian meatpacker BRF SA said it has been approved to export chicken wings to Canada from two of its plants in Mato Grosso state, Reuters reported.
Friday, March 5, 2021
BRF and Aleph Farms sign MoU to bring cultivated meat to Brazil
Major Brazilian meatpacker BRF SA and Aleph Farms signed a Memorandum of Understanding (MoU) to co-develop and produce cultivated meat using Aleph's patented production platforms (BioFarm) for distribution in Brazil.
Friday, February 26, 2021
BRF SA posts Q4 net income higher than analysts' estimates
Major Brazilian meat processor BRF SA have reported a Q4 net income of BRL 902 million (~US$163.09 million; BRL 1 = US$0.18), higher than analysts' estimates thanks to strong China and domestic demand, Reuters reported.
Wednesday, December 9, 2020
BRF shares rise after announcing expansion plans
Major Brazil-based food processor BRF SA saw its shares rise after announcing expansion plans to halal markets in Turkey and Saudi Arabia, as well as an increased focus on the domestic market as the company aims to triple its revenue over t ...
Wednesday, December 2, 2020
BRF's Lajeado, Brazil pork plant authorised to resume exports to China
Major Brazilian meatpacker BRF SA said its Lajeado pork plant has been authorised to resume exports to China, following an inspection by Chinese authorities, Reuters reported.
Wednesday, November 11, 2020
FAIRR Initiative ranks JBS, BRF medium risk and Minerva high risk for investment
The FAIRR Initiative, a network of investors monitoring environmental, social and governance (ESG) issues in the dairy, meat and aquaculture industries, ranked major Brazilian meatpackers JBS SA and BRF SA "medium risk", while Min ...
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