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    BRFS3   BRBRFSACNOR8

BRF S.A.

(BRFS3)
  Report
End-of-day quote. End-of-day quote Bolsa de Valores de Sao Paulo - 06/22
28.8 BRL   -0.10%
06/21BRF S A  : MATERIAL FACT (Form 6-K)
PU
06/16BRF S A  : Material Event (Form 6-K)
PU
06/10BRF S A  : Donates food and ppe to hospital de serafina corrêa
PU
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Brazil's imports of Argentine corn start to arrive

06/09/2021 | 03:04pm EDT

SAO PAULO, June 9 (Reuters) - The first shipments of Argentine corn have begun to arrive in Brazil to where a national crop failure, record high prices and high demand from the meat industry has made companies such as BRF Brasil Foods SA and JBS SA turn to imports.

A shipment of about 35,000 tonnes landed at the end of May at the port of Paranaguá and a second shipment of about 30,000 tonnes arrived in Rio Grande in the middle of last week, according to the maritime agency Cargonave.

Another four ships should dock this month, Cargonave said.

"Ships have already arrived and they have been unloaded. There are also imports of wheat, not just corn, for animal feed," said Ricardo Santin, president of the Brazilian Animal Protein Association (ABPA), in an interview.

Prices of feed for produce pork and chicken have risen steeply, he said.

JBS, the giant of the meat sector, is receiving a ship with 30,000 tons of Argentine corn in the port of Imbituba, the company said in a statement emailed to Reuters.

BRF, the world's largest poultry exporter, confirmed to Reuters that it was importing Argentine corn, but declined to provide details.

Cooperativa Central Aurora Alimentos, Brazil's third-largest meat processor, said it was studying purchases from Argentina but has not done so yet.

All in all, Brazil is expected to import 191,000 tonnes of Argentine corn by ship in June, almost double the 103,000 tonnes purchased last year, according to the Agriculture Ministry.

In the first four months of this year, Brazil already imported 758,000 tons of corn, up almost 70% from the year-ago period, almost entirely bought from Paraguay and shipped across the border by truck.

The imports are expected keep growing during the year, even though the second and largest Brazilian corn crop harvest is about to pick up speed. (Reporting by Nayara Figueiredo and Roberto Samora; Writing by Anthony Boadle; Editing by Richard Chang)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
BRF S.A. -0.10% 28.8 End-of-day quote.30.67%
CORN FUTURES (C) - CBR (FLOOR)/C1 0.68% 664.25 End-of-day quote.36.31%
EURO / ARGENTINE PESO (EUR/ARS) -0.08% 113.7161 Delayed Quote.10.38%
EURO / BRAZILIAN REAL (EUR/BRL) 0.04% 5.9284 Delayed Quote.-5.87%
FEEDER CATTLE?FUTURES (GF) - CMG (ELECTRONIC)/C1 -0.16% 158.1 End-of-day quote.11.62%
JBS S.A. 0.35% 28.27 End-of-day quote.19.48%
LIVE CATTLE (LE) - CMG (ELECTRONIC)/C1 0.18% 123.325 End-of-day quote.8.99%
S&P GSCI CORN INDEX -0.27% 454.9019 Delayed Quote.14.26%
US DOLLAR / ARGENTINE PESO (USD/ARS) 0.04% 95.334 Delayed Quote.13.20%
WHEAT FUTURES (W) - CBR (FLOOR)/C1 1.57% 661.25 End-of-day quote.1.64%
All news about BRF S.A.
06/21BRF S A  : MATERIAL FACT (Form 6-K)
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06/16BRF S A  : Material Event (Form 6-K)
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06/10BRF S A  : Donates food and ppe to hospital de serafina corrêa
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06/09Brazil's imports of Argentine corn start to arrive
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06/08LIVESTOCK-Most-active hog futures retreat after matching contract high
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06/08BRF S A  : Brazil farmers threaten to stop fattening chicks for BRF
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06/08BRF S A  : Approved at the Board of Directors' Meeting held on May 27th, 2021 (F..
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06/08BRF S A  : MINUTES OF THE ORDINARY MEETING OF THE BOARD OF DIRECTORS HELD ON MAY..
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06/07BRF S A  : Minutes of The Extraordinary Meeting of The Board of Directors
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06/07BRF S A  : Reunião da Administração
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More news
Financials
Sales 2021 43 923 M 8 859 M 8 859 M
Net income 2021 975 M 197 M 197 M
Net Debt 2021 15 835 M 3 194 M 3 194 M
P/E ratio 2021 24,2x
Yield 2021 0,47%
Capitalization 23 262 M 4 643 M 4 692 M
EV / Sales 2021 0,89x
EV / Sales 2022 0,85x
Nbr of Employees 100 000
Free-Float 67,7%
Chart BRF S.A.
Duration : Period :
BRF S.A. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends BRF S.A.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 12
Last Close Price 28,80 BRL
Average target price 28,48 BRL
Spread / Average Target -1,13%
EPS Revisions
Managers and Directors
NameTitle
Lorival Nogueira Luz Global Chief Executive Officer
Carlos Alberto Bezerra de Moura Chief Financial Officer
Pedro Pullen Parente Chairman
Neil Hamilton dos Guimarães Peixoto Vice President-Quality, Research & Development
Vinícius Guimarães Barbosa Vice President-Operations & Supplies
Sector and Competitors
1st jan.Capitalization (M$)
BRF S.A.31.35%4 643
TYSON FOODS, INC.15.16%26 837
HORMEL FOODS CORPORATION2.42%25 922
HENAN SHUANGHUI INVESTMENT & DEVELOPMENT CO.,LTD.-33.28%16 523
JBS S.A.18.81%13 927
WH GROUP LIMITED9.38%13 314