Perdigao cuts poultry output for export

Perdiago, one of Brazil's largest meat processors, plans to cut poultry and pork output for export by 20% next quarter and send at least 400 workers on paid leave, newspaper Estado reported.

The company is seeking to adjust inventories as global demand slows to keep prices stable, the newspaper said. Sadia made similar reductions last week.

Perdigao’s exports in November and the beginning of December fell 5% compared with October, Estado said. The cuts will be partly offset by stocks that weren’t shipped because of heavy rain in Santa Catarina state, Estado said. About 40% of Perdigao’s planned exports last month were held up at the port of Itajai because of floods.

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