Brazil's BRF says worst behind it, may raise prices again
SAO PAULO, July 29 (Reuters) - Brazil food processor and chicken exporter BRF SA believes the worst is behind it in terms of a local corn shortage and a high-output poultry cycle but does not rule out more price increases, executives said on a conference call on Friday.
CFO Jose Alexandre Borges said local corn prices have fallen 20 percent since their May peak, allowing the company to increase stocks. BRF plans to launch a new line of ready-made meals with British chef Jamie Oliver in the third quarter.
(Reporting by Caroline Stauffer)
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