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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 - 06/18
28.95 BRL   +0.10%
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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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

BRF S A : Meat plants operated by Brazil's BRF and Marfrig cleared to resume sales to China

10/23/2020 | 05:55pm EDT

SAO PAULO (Reuters) - Beijing has authorized two Brazilian meat processing facilities to resume sales to China, Brazil's Agriculture Ministry said on Friday, a decision announced after they were banned over coronavirus concerns earlier this year.

The announcement came as Brazil's BRF issued a statement saying it had been allowed to resume exports to China from a chicken plant in Dourados, Mato Grosso do Sul state, a decision that will be acted on over the next few days.

Marfrig, another large meat purveyor that faced an import ban amid the pandemic, was cleared to resume beef sales to China from Várzea Grande, Mato Grosso state, the company said separately.

"Chinese authorities concluded that the measures adopted by the ministry and the companies were satisfactory and in compliance with Chinese demands," the agriculture ministry said in the statement.

It did not name either BRF or Marfrig, but the authorizations to resume exports from Dourados and Várzea Grande were published on the website of China's General Administration of Customs.

JBS still has a pork plant in the town of Três Passos and a chicken plant in Passo Fundo affected by China's ban.

Currently, BRF has 15 units certified to sell meat to China, including 10 poultry and five pork facilities, the company said.

BRF's Lajeado unit, in southern Rio Grande do Sul state, was also banned amid the pandemic and remains suspended by China, BRF said.

(Reporting by Nayara Figueiredo; Writing by Ana Mano; Editing by Jonathan Oatis and Tom Brown)

By Nayara Figueiredo


© Reuters 2020
All news about BRF S.A.
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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 | BRFS3 | BRBRFSACNOR8 | MarketScreener
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%4 619
TYSON FOODS, INC.14.17%26 837
HORMEL FOODS CORPORATION2.60%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