Giulia Zamiello's questions to BRF (BRFS) leadership • Q2 2025
Question
Giulia Zamiello of Bank of America asked about the sustainability of the strong prices achieved in the quarter and whether BRF has the capacity to implement further price increases, particularly in international markets, as volumes recover.
Answer
CEO Miguel Goulard stated that while avian flu caused a minor price inflection, the impact was mild due to diversification and quick market reopenings. He expressed confidence in resilient domestic prices, supported by strong consumption and full employment in Brazil. CFO Fabio Mariano complemented this by noting that the market successfully absorbed recent price adjustments in the processed goods portfolio, which saw an 11% year-over-year price increase in Brazil, and that further selective increases could be possible in Q3.