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Reuters
2 days ago
- Business
- Reuters
Brazil's BRF dodges bird flu trade disruptions, posts Q2 gains
SAO PAULO, Aug 14 (Reuters) - Brazilian food processor BRF ( opens new tab, the world's largest chicken exporter, said on Thursday it earned 735 million reais ($136 million) in the second quarter despite disruptions from a bird flu outbreak in May that triggered trade bans. The company, which also processes pork and prepared food products, said earnings before interest, taxes, depreciation and amortization, a measure of operating income known as EBITDA, was 2.5 billion reais in the period, in line with the average of analysts' forecasts. Sales totaled 15.36 billion reais, a 2.9% annual rise, BRF said. Citing official trade data, BRF executives said the bird flu outbreak caused Brazilian poultry exports to fall 15% in the quarter while the company's own poultry exports dropped 5%, indicating it was able to weather the storm. At a press conference, executives noted BRF redirected some chicken products to the domestic market, or found alternative destinations for certain cuts after multiple bird flu-related trade embargoes. China, a key export destination, remains closed for Brazilian poultry products after the outbreak, which the government has controlled. However, Saudi Arabia will resume buying from Brazil, BRF executives told reporters, citing official government communications. Sales volume grew about 6% in BRF's home market, driven by processed food, which scored a record high for any second quarter for the company. BRF's Brazil EBITDA reached 1.3 billion reais and margins were a healthy 16.4%, BRF said. In international markets, BRF said it was able to maintain "competitive pricing levels." The company recorded adjusted EBITDA of 1.2 billion reais for the business and a margin of 17.3%. In the second quarter, BRF said it obtained 11 new export authorizations, highlighting key markets such as Argentina and Canada. BRF said the company had the best half-year in history, referring to results between January and June, with EBITDA of 5.3 billion reais and net profit of 1.9 billion reais in the period.
Reuters
30-05-2025
- Business
- Reuters
China bans Brazilian poultry imports over avian influenza
BEIJING, May 30 (Reuters) - China banned the imports of poultry and related products from Brazil over an avian influenza outbreak, the customs administration said in a notice released on its website dated May 29. Brazil, the world's largest chicken exporter, confirmed its first outbreak of bird flu on a commercial poultry farm in its southernmost state earlier this month, triggering a slew of international trade bans. The Brazilian government had previously asked top buyer China to restrict its embargo to poultry products just from the city where the outbreak occurred.
Reuters
16-05-2025
- Business
- Reuters
Argentina halts Brazil poultry imports after bird flu outbreak
BUENOS AIRES, May 16 (Reuters) - Argentina's state sanitation agency Senasa on Friday ordered a suspension of imports of products and byproducts of avian origin from Brazil, the world's largest chicken exporter that hours earlier confirmed its first outbreak of bird flu on a commercial poultry farm. "After the confirmation from Brazilian authorities, Senasa requested the productive sector strengthen biosecurity measures in its establishments," the agency said in a statement, adding the measures would be in place until Brazil is certified as free of the bird flu.
