The food company BRF evaluates that can make new price increases in the second half of this year, after new rate increase implemented in late may, in concern for recovering profitability in Brazil, shaken by the high grain costs and fall in the price in dollars of the chicken.
The BRF has implemented a 7% increase in their prices in Brazil at the end of May and the company''s Chief Executive, Peter Would, stated that the ceiling for price adjustments in the country is being achieved, which implies that adjustments in the second half should be less intense than the first half of the year.
Do commented that the BRF is seeing a slowdown in production of chickens on the market, which should help to get this meat prices in the coming months.
Supermercado Moderno
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