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Brazil's BRF expects feed cost to remain steady next year due to record soybean harvest
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Brazil's BRF expects feed cost to remain steady next year due to record soybean harvest
Nov 15, 2024 12:57 PM

SAO PAULO, Nov 14 (Reuters) - Brazilian pork and chicken

processor BRF expects steady feed costs for next

year, largely due to favorable grain supply from an expected

record soybean harvest, company Chief Financial Officer Fabio

Mariano said on Thursday.

The company expects the soybean harvest in Brazil to yield

nearly 170 million tons, with the U.S. and Argentina also having

significant production volumes in 2024-25.

BRF is also looking into ways of diversifying how it sources

feed, as corn ethanol plants expand in Brazil and increase

competition for the grain, company executives said.

BRF Chief Executive Miguel Gularte said one option is to use

distiller's dried grain, a byproduct of the corn ethanol

industry that is growing in popularity as a feed grain.

The company expects demand for its products to remain

strong, and sees opportunities for growth in investments at a

faster pace than in the last two years, Mariano said.

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