EconomyFinancialIs it chicken today? Bachoco raised its prices due...

Is it chicken today? Bachoco raised its prices due to inflation

The Mexican Bachoco adjusted its prices upwards during the first quarter of the year and closed the period with net sales of 24,367 million pesos, an increase of 25.9% compared to the same period last year, according to the report published this morning in the Mexican Stock Exchange (BMV).

"(The growth in sales) was the result of better prices in the United States and in our main lines of business in Mexico, as well as a higher volume sold in the others segment due to the integration of RYC," the company explained.

The poultry company's sales volume grew by a lesser proportion, by 6.9%, during the quarter, in line with the 27.1% increase in its costs. Bachoco has explained that this is due to the high prices of grains and soybean paste . "We continue to see historically high prices," the company says in its report. quarter.

The company has attributed this increase in the prices of the raw materials it uses to the armed conflict in Eastern Europe. "We believe that this uncertainty (derived from Russia's invasion of Ukraine) will continue to have a negative impact on our cost of sales," the document read.

In order to alleviate the effects derived from the increase in the prices of raw materials, the company, he assures, has remained focused on improving its sales mixes both in its poultry segment and in other products.

At the end of last year, Bachoco concluded the purchase of 100% of RYC Alimentos , a company dedicated to the processing of beef, pork and chicken. The company aggregated the operating results of the acquisition during this

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