|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||13.82 - 14.02|
|52 Week Range||10.60 - 17.21|
|PE Ratio (TTM)||-39.43|
|Forward Dividend & Yield||0.00 (0.00%)|
|1y Target Est||N/A|
South Korea has authorized three plants in the Brazilian state of Santa Catarina to export pork to the Asian nation, opening a market in the world's fourth largest importer of this type of meat, local industry group ABPA said on Friday. It said BRF SA, Cooperativa Central Aurora Alimentos and Pamplona Alimentos each had one meatpacking factory cleared for pork sales to South Korea. The three plants are located in the southern Santa Catarina state, Brazil's largest pork producer and the only one in the country holding an international certificate of free of food and mouth disease with no vaccination required.
Brazilian food company BRF SA said on Friday that for the first time in history domestic meat producers will be allowed to sell pork to South Korea, citing a list divulged by the Asian importer a day earlier. ...
Brazil's Ministry of Agriculture has granted BRF SA, the country's largest chicken exporter, permission to resume exports from a plant in the state of Goiás that was temporarily closed after a food inspection scandal. In a statement on Friday, BRF said in coming months foreign inspectors should visit the plant in the city of Mineiros to grant final approvals to begin exporting.
BRF SA Chief Executive Pedro de Andrade Faria plans to leave by the end of the year, following a series of heavy quarterly losses by the world's largest chicken exporter. The company, in a statement, said on Thursday it has already started to look for a replacement for Faria, a former executive of BRF's largest shareholder, investment firm Tarpon Investimentos SA, where he will return after leaving BRF. Faria took the helm in 2015, after retail tycoon Abilio Diniz, currently BRF chairman, partnered with investment firm Tarpon to overhaul management of the food processor.
Brazilian food processor BRF SA on Thursday said its Chief Executive Pedro de Andrade Faria will leave the company by Dec. 31. BRF, the world's largest chicken exporter, did not provide a reason for the ...
BRF SA, the world's largest chicken exporter, believes rigorous inspection standards can help open new markets to Brazilian food products, an executive said on Wednesday, commenting on the effects of a recent and temporary ban on the country's meat exporters amid a food safety crisis. The "Weak Flesh" probe uncovered allegations that inspectors were bribed to ignore lapses in food standards. Police have accused more than 100 people of taking bribes in exchange for allowing the sale of rancid products, falsifying export documents or failing to inspect meatpacking plants.
BRF SA, the world's largest chicken exporter, sees internationalization as the best way to grow its business while believing that Brazil's heavy fiscal burden hampers the firm's ability to compete globally, ...
BEIJING/SAO PAULO, Aug 18 (Reuters) - China has launched an anti-dumping investigation into imports of Brazilian broiler chicken in another blow for the South American country's meat industry and threatening over $1 billion of exports annually. The investigation comes after a complaint from China's domestic industry that Brazil, its top supplier of chicken, has been selling its broilers below market value.
Categories: Yahoo FinanceGet free summary analysis BRF SA reports financial results for the quarter ended June 30, 2017. We analyze the earnings along side the following peers of BRF SA – Tyson Foods, Inc. Class A, Seaboard Corporation, Bunge Limited and Unilever PLC Sponsored ADR (TSN-US, SEB-US, BG-US and UL-US) that have also reported for this period. ... Read more (Read more...)
Brazilian food processor BRF SA will introduce a discount brand in its home market, executives said on Friday, as the end of antitrust restrictions in July allows it to target a niche that has grown during the country's recession. Antitrust agency Cade has lifted brand limits established in 2011, when it approved the formation of BRF from the merger of Sadia and Perdigão. BRF is aiming the new brand at cost-conscious buyers representing some 30 percent of Brazil's processed food market, executives said on a conference call with analysts.
Brazilian food processor BRF SA will launch a discount brand aimed at the domestic market, executives said on a Friday conference call to discuss second-quarter results. The launch of the new brand comes ...
Brazilian food processor BRF SA said late on Thursday that its board of directors authorized the company to sell up to 13.4 million shares currently held by its treasury department. The move, which could fetch as much as 525.2 million reais ($165.4 million) based on the stock's closing price at the São Paulo stock exchange, aims to strengthen its cash position and reduce financial leverage, BRF said in a securities filing. Earlier the company reported a wider-than-expected net loss of 167 million reais in the second quarter, the third consecutive quarterly loss, as it continued to reel from the effects of a food safety probe announced in March.
Brazil's food processor BRF SA on Thursday reported a wider-than-expected net loss of 167 million reais ($52.60 million) in the second quarter, as it continued to reel from the effects of a food safety scandal, it said in a securities filing. The result marks a reversal of a 31 million reais profit from a year ago and is the third consecutive quarterly loss posted by the company. In the second quarter, net operating revenues fell by 5.7 percent to 8 billion reais on an annual basis, BRF said.
BRF S.A. (BRFS) has witnessed a significant price decline in the past four weeks, and is seeing negative earnings estimate revisions as well.
Brazil's BRF SA has opened new senior vice president slots to help Chief Executive Officer Pedro Faria run the world's No. 1 poultry exporter, which has been beset by two consecutive quarters of losses and fallout from a food safety scandal. Previously, BRF had five senior vice president positions and six general managers with vice president status, according to a company spokesman. BRF will also have vice presidents looking after Brazil, halal food division OneFoods Holdings Inc and the Southern Cone separately, the filing said.
The board of Brazil's BRF SA , the world's largest chicken exporter, approved an organizational restructuring that creates 14 vice presidencies reporting directly to global Chief Executive Officer Pedro ...
A scandal involving spoiled meat from Brazil has prompted the United States to finally join other nations in banning imports from the country, where food inspectors were purportedly bribed to turn a blind ...
Barclays initiated coverage on a new sector, Americas Agribusiness, Tuesday with a Neutral rating. Analyst Benjamin Theurer individually initiated coverage of Tyson Foods, Inc. (NYSE: TSN ), Hormel Foods ...
Rating Action: Moody's changes the outlook of BRF's ratings to negative; affirms Ba1 ratings. Global Credit Research- 31 May 2017. Note: On June 5, 2017, the press release was corrected as follows: In ...
Rating Action: Moody's changes outlook of Quickfood's Ba1/Aaa. ar guaranteed notes' rating to negative from stable. Global Credit Research- 01 Jun 2017. Buenos Aires City, June 01, 2017-- Moody's Latin ...
Brazil's BRF SA, the world's largest poultry exporter, said on Wednesday that interruptions in operations at two Brazilian ports due to bad weather in recent days will negatively impact its exports. Strong winds and rains in southern Brazil have closed loadings at the top meat exporting port of Itajaí, in Santa Catarina state, for several days. Speaking at an investors conference in São Paulo, BRF Chief Executive Officer Pedro Faria said May exports of meat products could be 25,000 tonnes lower as a result of the closures.