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Inflationary pressure challenges Brazil's BRF

Brazilian chicken and poultry processor BRF SA faced unprecedented inflationary pressure on costs this year.
calendar icon 10 December 2021
clock icon 1 minute read

During a company presentation Wednesday, CEO Lorival Luz said corn, soymeal and packaging prices more than doubled this year.

Luz said that although higher input prices squeezed profit margins in the period, the company will still be able to deliver strong results in the near future as it is selling more processed food products and ready-made meals, which have higher aggregate value, reported Reuters.