China clears 25 Brazil meat plants for export, lifting shares [Reuters]
BRF S.A. (BRFS)
Last brf s.a. earnings: 11/11 04:01 pm
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Source: Reuters
China clears 25 Brazil meat plants for export, lifting shares - Reuters 3 Min Read BRASILIA (Reuters) - China granted export licenses to 25 Brazilian meatpacking plants, Brazil’s Agriculture Ministry said on Monday, allowing the country’s fast-growing protein industry to feed more people in the Asian nation where disease has hurt local supply. The news drove up the stocks of licensed-plant owners BRF SA, Minerva SA and Marfrig Global Foods SA. Brazil’s Agriculture Ministry said the plants — including 17 for beef exports, six for chicken, and one each for pork and donkey meat — “can already export immediately.” China is Brazil’s largest export market for beef, chicken and pork, with demand surging since last year as an African swine fever outbreak has decimated the Chinese meat industry. Brazilian pork exports to China soared 48% in the first eight months of the year, according to Brazil government statistics, while beef exports to China are up 17% and chicken exports rose soared 37%.
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BRFS
News
- 22nd Century, Coffee Holding among Consumer Staples movers [Seeking Alpha]Seeking Alpha
- Brf S.A. (NYSE: BRFS) was upgraded by analysts at The Goldman Sachs Group, Inc. from a "sell" rating to a "neutral" rating. They now have a $3.10 price target on the stock, up previously from $1.90.MarketBeat
- Brf S.A. (NYSE: BRFS) was upgraded by analysts at JPMorgan Chase & Co. from a "neutral" rating to an "overweight" rating.MarketBeat
- Is BRF (BRFS) Stock Outpacing Its Consumer Staples Peers This Year? [Yahoo! Finance]Yahoo! Finance
- BRF S.A. Has Stabilized Its Business, And Investors Await The Next Act [Seeking Alpha]Seeking Alpha
BRFS
Sec Filings
- 4/3/24 - Form 6-K
- 4/2/24 - Form 6-K
- 4/2/24 - Form 6-K
- BRFS's page on the SEC website