In 2017 third quarter red meat sales went up considerably, as the division’s turnover increased, in terms of volumes, by 22% (2,6 billion reals, over 600 million euros). At the same time Marfrig’s red meat export is booming (+56%): thanks to such amazing performance, this player in the Brazilian agroindustry has progressively gained market shares to the detriment of their export competitor, JBS. They now represent 23% of Brazil’s red meat export. By and large, the group’s revenues are around 4,8 billion reals (1,2 billion euros), and prospects for the next future, based on prediction of international markets’ expansion, are good. Analysts are skeptical about rising costs, yet Marfrig claims that the reopening of their manufacturing plants, which had been closed since 2015, has enabled the group to count up to 12,000 slaughtered cattle units per day, +25% compared to last June.
Manufacturing increases by 25%, though JBS slows down. Marfrig currently represents 23% of Brazilian red meat export
