BRF CEO'su Parente reyizin Banvit hakkındaki açıklamalarını paylaşıyorum. Açıklamayı 4. çeyrek sonuçlarını açıklarken soru cevap kısmında yapmıştır.
As to Turkey, last year, they had a very aggressive devaluation in foreign exchange, and we could transfer our prices until the cost was getting closer to our price positioning. But the small businesses suffered more. The small businesses are producing less because they cannot manage to pay in dollars. So we are at full capacity in this international market and our exports to the Gulf -- exports of value-added products. As we mentioned before, we are at historical record levels. So I'm very optimistic about our position in Turkey.
And as to improving the mix, as you mentioned, as Banvit was not supplying certain important customer like supermarkets for example, but we decided to capitalize some other suppliers and now Banvit is selling up to 75% of our volumes. So we're improving our mix. We have better access to different channels, different brands, and we are at full capacity. And we are keeping that high level, and we have a demand that is even higher than we are prepared to supply. So I feel very comfortable about Turkey, even with the GDP decrease, red meat suffered, other product suffered last year, but they are migrating towards poultry.
Alexander Robarts
So in 2019, the domestic market in Turkey will not fall? It's not going to be weaker than last year? Or is it still early to talk about the domestic market in Turkey?
Pedro Parente
We don't expect it to fall. Our volume is very high at full capacity. We increased exports because of the dollar exchange rate. When I export, I have subsidies on what I import. So as we have a platform for brands and the good mix in the whole region, we use exports to complement our portfolio outside Turkey. And then we have more dollars available for our own market. So the volume we are addressing to the domestic market, which is about 70% of the total, we had an improvement in this, in terms of channel, brand and mix. So I'm very comfortable about the way we are using our full capacity.
