|Bid||7.78 x 800|
|Ask||7.79 x 800|
|Day's range||7.69 - 7.87|
|52-week range||4.65 - 8.12|
|Beta (3Y monthly)||0.79|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||7.65|
BRF SA, the world's largest chicken exporter, believes Europe could lift an embargo affecting a dozen of its plants sooner than anticipated because of the global meat supply imbalance deriving from a deadly hog disease in China. In remarks to journalists regarding a third straight quarterly loss, BRF Chairman Pedro Parente said demand for meat products will grow globally, which could lead Europe to relax restrictions on Brazilian plants. "I would not be surprised if European authorities sped up approval of Brazilian plants," Parente said.
The United States and Brazil will not be able to reach a deal on allowing fresh Brazilian beef imports in time for President Jair Bolsonaro's official visit to Washington next week, two people with knowledge of the matter told Reuters on Thursday. The United States barred imports of fresh Brazilian beef roughly two years ago in the wake of a food safety scandal in South America's biggest economy. Brazil is the world's largest beef exporter.
Federal prosecutor Lyana Helena Joppert Kalluf has also lifted a confidentiality order on part of the information related to a criminal probe she oversees, a move designed to give "transparency" to the ongoing proceedings, the filing showed. The prosecutor is requesting information related to the agriculture ministry's move to suspend Mérieux NutriSciences Brasil's laboratories following the start of a federal police investigation into an alleged scheme to avoid food safety checks. The order requesting information from the ministry was directed at José Guilherme Leal, agriculture defense secretary.
Tyson Foods Inc reported weaker-than-expected first-quarter sales on Thursday as the largest U.S. meat processor was stung by weaker pork prices and sales volumes and lower chicken prices. Tyson is grappling with a drop in U.S. demand for chicken and declining prices for pork due to trade tensions between the United States and some trading partners. Tyson has been focusing on expanding further into value-added foods like chicken nuggets, while also growing its footprint outside of the United States.
BRASÍLIA, Jan 18 (Reuters) - Brazil is moving toward a self-monitoring system for food processors, Agriculture Minister Tereza Cristina Dias said on Friday, including meatpackers still recovering from an inspection scandal that hurt trade with key markets. Dias said in an interview that the South American nation's new business-friendly government plans to send draft legislation on self-monitoring to Congress in the first half of this year. Self-monitoring, widely used in the United States and other developed countries in Europe, would be introduced gradually across various agricultural products and eventually be used for oversight of meatpackers.
NEW YORK, Nov. 28, 2018 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
Brazilian federal prosecutors probing whether chicken processor BRF SA and certain laboratories colluded to cheat on food safety tests are seeking cooperation from the firms in return for more lenient penalties, a federal prosecutor told Reuters in an interview. Prosecutors had found "grave irregularities" and would demand that the companies carry out a root-and-branch restructure as part of any leniency deal, federal prosecutor Lyana Helena Joppert Kalluf said last week. Police raids of three testing laboratories owned by Mérieux NutriSciences Brasil and used by BRF had turned up data showing a "systematically" high number of false positives for the salmonella pathogen, according to court documents seen by Reuters that were previously sealed.