XM does not provide services to residents of the United States of America.

Thousands of Brazil hogs, poultry perish in flood-hit state- industry groups



<html xmlns="http://www.w3.org/1999/xhtml"><head><title>UPDATE 3-Thousands of Brazil hogs, poultry perish in flood-hit state- industry groups</title></head><body>

Adds details about losses for poultry farmers and processors

By Ana Mano

SAO PAULO, May 20 (Reuters) -Brazilian farm and meat lobbies on Monday revealed extensive losses of livestock from floods in the state of Rio Grande do Sul, likely leading to losses for farmers and processors and disruptions to meat production in one of the world's biggest food exporters.

Hog farmers lost an estimated 12,600 head after floods submerged entire towns in the state, Valdecir Folador, head of a local hog producers lobby called ACSURS, said on Monday. He noted some 30 farms were affected, including those of suppliers to BRF and JBS.

The companies did not have an immediate comment.

ASGAV, a group representing local poultry processors and farmers, calculated total losses related to the catastrophic event at 182.9 million reais ($35.8 million), according to a statement.

Torrential rains disrupted about 20 poultry farms and flooded feed factories, ASGAV said.

An estimated 279,000 poultry destined for slaughtering died, as well as 150,000 laying hens. Four meatpackers' plants were halted, ASGAV's statement said without identifying any.

Rio Grande do Sul accounts for 24.24% of overall Brazilian pork exports and for 16.23% of Brazil's chicken exports, according to national industry lobby ABPA, which speaks on behalf of the nation's biggest pork and chicken processors.

The port of Rio Grande, also disrupted by floods and landslides that blocked roads and affected a rail link to its terminals, ships nearly 9% of Brazil's overall pork exports and 6.33% of the country's chicken exports, according to ABPA data.

Folador said the total number of hogs on farms in Rio Grande do Sul is around 5 million.

He pondered, however, whetherthere will be other indirect losses to farmers and companies, especially because floods have blocked roads and cut access to food and water supplies for some days on certain properties.

According to Folador, lack of feed contributed to a reduction of animal weight on farms where food had to be rationed and female animals were nursing offspring.

Farmers supplying BRF's plant in the Lajeado area were among the most affected by the floods, Folador said, estimating they lost at least 60% of all hogs who died from the catastrophic rains.

That plant can process 3,000 hogs per day, he noted.

($1 = 5.1048 reais)




Reporting by Ana Mano; Editing by Alistair Bell and Stephen Coates

</body></html>

Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.