Brazilian meatpacker BRF SA BRFS3.SA, the largest producer of animal protein and largest exporter of poultry in Brazil, was authorized by Vietnam to export pork from a Mato Grosso plant. It plans to double its shipments to the Asian country.
This move will allow BRF to grow in a strategic geographic market, Reuters reports. This is in line with the company’s plan to increase its relevance in major global consumer centers.
In 2021, Vietnam was the fifth main destination for Brazilian pork, importing more than 45,000 metric tons or pork which accounts for 4% of total Brazilian exports, government data said.
A BRF company executive told Reuters that the expectation is that meat consumption in Southeast Asia will grow significantly in the coming years and they want to be ready to meet this demand.
BRF currently exports pork to Vietnam from a plant in Uberlandia, in Minas Gerais State, which received authorization last year.
Now, with the additional authorization of the Mato Grosso plant, the company plans to sell pork cuts that include shoulder, ribs, chops, loin and ham.
BRF pointed out that it is advancing in the high-value pork segment, Reuters reports. It’s one of the important paths in its Vision 2030 project, in which the company intends to reach annual revenue exceeding $21 billion in the next 10 years.
(Reporting by Roberto Samora; Writing by Peter Frontini; Editing by Leslie Adler, Bernard Orr)
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