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Brazilian meatpacker Marfrig jumps after Q4 results

BUZZ-Brazilian meatpacker Marfrig jumps after Q4 results ** Shares in Brazilian meatpacker Marfrig MRFG3.SA jump following its fourth quarter results ** Marfrig, the world's second largest beef producer, reported a 12 million-real ($2.40 million) net profit for the period, swinging back into the black after a loss a year earlier ** Analysts at Citi highlight positive figures from Marfrig's North American segment, with EBITDA margin "above expectations and peers" at 2.6% ** "We expect this to be
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Brazil's Marfrig swings back to profit in fourth quarter

Brazil's Marfrig swings back to profit in fourth quarter SAO PAULO, March 27 (Reuters) - Brazilian meatpacker Marfrig MRFG3.SA , the world's second largest beef producer, posted on Wednesday a 12 million real ($2.4 million) net profit in the fourth quarter, reverting a 628 million real net loss from a year earlier. Marfrig, which also controls U.S.-based National Beef and Brazilian BRF SA BRFS3.SA , said its total net revenue fell 2.2% in the quarter year-on-year to 36.6 billion reais.
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Brazil poised to get EU nod for more chicken exporting plants, minister says

OFFICIAL CORRECTION-Brazil poised to get EU nod for more chicken exporting plants, minister says In story from March 20, updates paragraphs 2 to 4 after ministry clarifies that the plant the minister was visiting has not yet received permission to export to the UK By Ana Mano SAO PAULO, March 20 (Reuters) - Brazil could soon get approval to sell more meat products to the European Union, the South American nation's Agriculture Minister Carlos Favaro said on Wednesday.
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Moody's Changes Brazil Food Processor Brf's Outlook To Positive From Stable, Affirms Ba3 Rating - Statement

BRIEF-Moody's Changes Brazil Food Processor Brf's Outlook To Positive From Stable, Affirms Ba3 Rating - Statement March 18 (Reuters) - BRF SA BRFS3.SA : MOODY'S CHANGES BRAZIL FOOD PROCESSOR BRF'S OUTLOOK TO POSITIVE FROM STABLE, AFFIRMS BA3 RATING - STATEMENT Source text for Eikon: [ID:] Further company coverage: BRFS3.SA Reporting by Sao Paulo ne
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Brazil slaughtering records make it global meat king, IBGE data shows

Brazil slaughtering records make it global meat king, IBGE data shows By Ana Mano SAO PAULO, March 14 (Reuters) - Brazilian meat companies processed unprecedented volumes of chicken and hogs and recorded the second-highest level of cattle slaughtering in history, according to 2023 data released on Thursday by the national census bureau. The fresh data from statistics agency IBGE confirms that the South American nation, which is the world's biggest beef and chicken meat supplier and the fourth la
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