UPDATE 1-Two BRF poultry plants in Brazil banned from exporting to Saudi Arabia [Reuters]
BRF S.A. (BRFS)
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Source: Reuters
UPDATE 1-Two BRF poultry plants in Brazil banned from exporting to Saudi Arabia (Adds background) SAO PAULO, Feb 17 (Reuters) - Brazilian food processor BRF SA said on Monday that two of its plants have been temporarily suspended from exporting poultry to Saudi Arabia due to alleged irregularities in feed production revealed by a probe conducted between 2014 and 2018. BRF said one of the two plants targeted by the ban was not selling anything to Saudi Arabia. The other was exporting around 6,000 tonnes per month to Saudi Arabia. Both are located in Brazilian Southern state of Paraná. In a securities filing, the company said that five other plants are still permitted to export poultry to Saudi Arabia and that it has started to redirect production until the ongoing probe is concluded. Brazilian federal prosecutors in December formally charged 11 people in connection with a criminal investigation accusing BRF, the world’s largest chicken exporter, of evading food safety checks. The indiv
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News
- Is BRF (BRFS) Stock Undervalued Right Now? [Yahoo! Finance]Yahoo! Finance
- 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
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