Friday, June 29, 2018

After a rough couple of months, Aurora Foods begins to improve results

Aurora foods, third largest brazilian processor of chicken and pork meat, has since rallied after facing nearly an entire semester of difficulties. The company suffered impact of the increase in the price of corn, the international restrictions to Brazilian chicken and, of course, of the Teamsters ' walkout. Right now, however, the cooperative made it back to blue. The expectation from now on is that the production adjustment made to suit demand chicken offering, allows brazilian poultry farming sustainably recovers in the second half. "After the strike of the drivers, there is a clear signal because it starts to be a balance between supply and demand," said Mario Lanznaster, President of dawn Foods. According to Lanznaster, the margin of the cooperative, which was 5% negative in may, is expected to surpass 1% this month. With that, the Aurora could close the year at "zero-zero", which would be a good result in the face of difficulties, according to the President of the Aurora. To keep the recovery trajectory, the Aurora will maintain the reduced chicken production at least until August. At present, the staff of Aurora's chicken slaughterhouse in Abelardo Luz, in the West of Santa Catarina, are in collective holiday. Next month, will be the temporary outage on unit of Chapecó, also in Santa Catarina. In August, it is the turn of refrigerator of Quilombo (SC). With the layoffs, the caster Aurora reduces by about 130,000 chickens a day, according to slaughter Lanznaster. The culling of chicken will still be reduced in the next 60 days because the national poultry farming is in the process of reducing inventories, particularly of products that would be would be exported. Under the international restrictions, as the largest European rigor in testing of salmonella and the anti-dumping tariff of China, the Aurora is exporting about 50% of the chicken that produces. Typically, this piece would be around 70%.
Supermercado Moderno - 28/06/2018 News Item translated automatically
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