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.