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BRF SA ( (BRFS) ) has issued an update.
BRF S.A. announced related party transactions involving the sale and distribution of meat products and raw materials to subsidiaries of Marfrig Global Foods S.A. in Chile, Argentina, and Uruguay. These transactions amounted to R$ 57 million from September to November 2024, and BRF plans to supply up to USD 71 million worth of products over the next 24 months. The company’s management considers these transactions equitable and beneficial as they are conducted at market prices and reduce distribution costs in the targeted regions.
More about BRF SA
BRF S.A. operates in the food industry, primarily focusing on the production and distribution of meat products and raw materials. Its market focus includes regions such as Chile, Argentina, and Uruguay, where it collaborates with subsidiaries under the controlling shareholder, Marfrig Global Foods S.A.
YTD Price Performance: 67.27%
Average Trading Volume: 2,472,143
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $7.74B
Find detailed analytics on BRFS stock on TipRanks’ Stock Analysis page.
