Brazil's BRF Gets Nod To Export Chicken Wings To Canada
Brazilian food processor BRF SA has said that Canada has authorised chicken wing exports from two of its plants located in top farm state Mato Grosso.
BRF has been seeking to sell more products to Canada to strengthen its position in developed markets and also shore up competition against domestic rivals including JBS SA, which have large operations in North America.
With the approval of the Nova Mutum and Lucas do Rio Verde facilities, BRF now has 15 units authorised to sell chicken products to Canada, which the company considers a key market.
BRF, the world's largest chicken exporter, is also seeking approval to export pork into the Canadian market, the company said in a statement.
In December, the company said it aims to invest about R$55 billion ($9.87 billion) in the next 10 years to expand the business globally.
As part of the strategy, BRF wants to increase sales of processed products of higher aggregate value.
Last year, BRF received 15 permits to export meat products to Oman in a bid to strengthen its position in the Middle East market.
The company had said in a statement that it would be able to export up to 5,000 tonnes of food products per month to Oman, where it has had a commercial presence since the 1980s.
The company posted fourth-quarter net income of R$902 million (€134.2 million), beating analysts' expectations on the back of strong demand from China and its home market.