The year 2024 imposed a series of challenges on agribusiness, with rural producers having to deal with tight margins, high production costs and climate problems. Despite this, the Market Roundup this Friday (10) showed that the sector has reason to celebrate and hope for a good 2025.
In contrast to the negative tide that affected the market, with a 10% drop in the Ibovespa in the year, meatpacking plants had a memorable performance: BRF (BRFS3) grew more than 83%; Marfrig (MRFG3) 75%; and JBS (JBSS3) 45%.
According to Pasquale Augusto, a reporter for Agro Times, the high dollar is one of the factors that justify the companies’ moment. “For 2025, we should expect a meat market that is very focused on exports, due to the favorable exchange rate”, he said.
In addition to the exchange rate, stocks such as JBS and BRF were favored by the chicken market, while the cattle cycle is reversed due to the record number of female slaughters.
“We should see a reduction in the supply of beef and a more restricted market for meat in Brazil. Looking at consumption, this should make the population turn to chicken and pork,” he said.
Stocks to watch
Although the stronger dollar increases Brazil’s competitiveness in the international market, the rising US currency may weaken access to credit to finance investments in agribusiness production.
Pasquale also highlighted the performance of 3tentos (TTEN3), commented on the negative year of Fiagros and mentioned other exporters such as Suzano (SUZB3) and Klabin (KLBN11).