The company recently bumped up its prices in October, but plans to do so again starting January 1, CEO Marcelo Castelli told TheStreet TV's Brittany Umar.
Castelli explained that raising prices is part of the company's effort to keep supply and demand in line.
For that reason, the company is currently holding off on additional production until sometime in the second half of 2015 most likely. Management will discuss boosting production at its new mill at the end of its first quarter next year, he said.
The weakening Brazil currency is also helping sales, Castelli said. Ninety percent of the company's product is sold outside of the U.S., and the 10% sold domestically is done so in U.S. dollars.
By producing in Brazilian reals and selling in U.S. dollars, the company is seeing a boost in profits.
And while China plans to boost domestic production, it will still be a net importer. Due to its population, China will need to use more land for agriculture in order to secure food supply, he said.
In regards to the Brazilian economy, it is hurting at the moment, but Castelli is confident it will prosper in the longer term.
-- Written by Bret Kenwell