São Paulo – Exports by Minerva, a Brazilian meat packing company, were up 28.5% in Q1 this year from Q1 last year. Export revenues went from R$ 660 million to R$ 848 million, according to figures released by the company. The foreign market accounted for 66.8% of total sales from January through March 2013.
Minerva is a leading South American producer of raw beef, livestock and their products, and posted total net revenues of R$ 1.19 billion in Q1, up 26.6% from Q1 2012. Domestic sales were up 21.9% and domestic revenues stood at R$ 421.8 million.
*Translated by Gabriel Pomerancblum