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Minerva forecasts growth of 15% to 20% this year

Minerva Foods forecasts its gross revenues will grow by between 15% and 20% in 2013 compared with last year, and will reach between R$ 5.4 billion and R$ 5.6 billion. In 2012, it earned R$ 4.7 billion, and the first half of this year it had totaled R$ 2.6 billion. CEO Fernando Galletti de Queiroz says the increase is down to both the growth in cattle slaughter and sales of meat produced by third parties.

The scenario outlined for sales is supported by demand, which remains strong, especially abroad. This is why cattle prices are firm, says Fabiano Tito Rosa, manager of market research at Minerva, and not because of any fall in supply to slaughterhouses.

Information provided by Valor Econômico


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