BRF is reportedly investing BRL1.1bn in Mato Grosso

BRF is reportedly investing BRL1.1bn in Mato Grosso

BRF has refused to comment on reports it is investing BRL1.1bn (US$327m) in boosting its production of pigs and poultry in Brazil.

According to local reports, the investment was announced by Mato Grosso state governor Pedro Taques who said the meat processor would be making the investment over the next three years in the municipalities of Nova Mutum, Várzea Grande, Nova Marilânida, Lucas do Rio Verde and Campo Verde.

According to local publication Eurocarne, BRF director Luis Baldissera said the Mato Grosso investment is more than 50% of the total amount the company plans to invest in the country.

He added BRF's reason for being in Mato Grosso is the "wide availability of corn and soy for animal breeding".

A spokesperson for BRF refused to comment when contacted by just-food.

The reports follow news at the beginning of the month that BRF is investing in one of its six plants in Argentina to "add value" to the site's production. The company is changing the output at its site in Rio Cuarto. It said there would be a "transition from a whole chicken production to cuts and dams with added value".