Money makes the world go round and the meat industry is no different. Deals are always being brokered and currency fluctuations are a key issue for any global meat trader.
22-May-2013 - The government of Uttar Pradesh state in India has introduced an ambitious scheme to incentivise the rearing of millions of broiler chickens.
21-May-2013 - UK-based pork producer Cranswick is showing good growth in a challenging grocery market, with profits before tax (PBT) of £49.3m, according to assets management company Investec.
15-May-2013 - Russia will double the value of its of meat exports by 2017, according to a new report from analytical agency Restko.
15-May-2013 - China’s government has announced a financial support plan to help prop up the poultry industry in the wake of the H7N9 bird flu crisis.
13-May-2013 - Australia recorded record red meat exports to the Middle East and North Africa (MENA) last month, according to the latest figures from Meat and Livestock Australia (MLA).
10-May-2013 - Zambeef has sold a 49% stake in Zam Chick to one of South Africa’s leading poultry processors Rainbow Chicken, it was announced this week.
09-May-2013 - In February this year, Viscofan, one of the world’s biggest casings manufacturers, opened a new factory in China. Costing €27.8m, the new collagen extrusion plant in Suzhou, 80km from Shanghai, is Viscofan’s first outside Europe. Here, cattle and pig hides are processed into artificial collagen casings and sold to sausage manufacturers across China and the rest of Asia.
09-May-2013 - Provisur has acquired the assets of German technology company MultiTec GmbH & Co. KG, expanding its global technology, sales, service and manufacturing base.
09-May-2013 - US meat processor Tyson Foods has reported a net income of $95 million for the second quarter, a drop from of $71m compared to the same period last year. The company blamed increasing feed costs and an impairment charge incurred in China for the decrease.
03-May-2013 - Currency fluctuations and the US drought are being blamed for a dramatic drop in earnings at Canadian meat processor Maple Leaf Foods.
03-May-2013 - European poultry processor Moy Park has reported a significant recovery in earnings for 2012 despite tough market conditions.
29-Apr-2013 - Meat processing company Atria Group has recorded strong growth of €19.8m in its net sales for the first quarter of 2013.
29-Apr-2013 - The European Commission has announced a series of three-year spending programmes to help meat producers from around the European Union (EU) sell their products at home and abroad.
25-Apr-2013 - Australian beef exports to Russia have slowed despite a strengthening Russian economy, according to new data from Meat and Livestock Australia (MLA).
24-Apr-2013 - The US Meat Export Federation (USMEF) stressed the importance of the US-Japanese economic relationship at a media briefing in Tokyo on Friday (19 April).
24-Apr-2013 - The Ulster Farmers’ Union (UFU) has said there are still a number of “crucial” issues to be addressed in order to ensure a workable CAP for Northern Ireland.
22-Apr-2013 - The Indian government is to create a national Veterinary Emergency Response Unit, charged with protecting the country’s huge livestock population during natural disasters, such as floods, fires, droughts and earthquakes, a New Delhi conference has heard.
22-Apr-2013 - US cattle producers have welcomed a proposal to extend financial support for livestock farmers hit by extreme weather conditions.
09-Apr-2013 - Three-quarters of Russia’s territory is unsuitable for any type of agriculture, including meat production, according to a new report from the country’s Ministry of Agriculture.
05-Apr-2013 - UK meat processor Cranswick has reported a strong performance in the year to 31 March 2013, with pork volume growth helping drive an impressive sales increase.
28-Mar-2013 - Scottish meat leaders are calling on the UK authorities to increase financial support in aid of export opportunities.
15-Mar-2013 - The European Parliament (EP) has backed budget cuts to the Common Agriculture Policy (CAP) agreed last month by European Union (EU) heads of government and the move is expected to have a negative impact on EU livestock farmers.
15-Mar-2013 - US meat production company Smithfield Foods has been ranked second among food production companies on Fortune magazine’s annual list of the World’s Most Admired Companies.
08-Mar-2013 - Mexican pork processor Norson Holding has welcomed an investment of US$40m from the International Finance Corporation (IFC) of the World Bank, which will help it expand production, while reducing its environmental footprint.
07-Mar-2013 - The acquisition of Vion’s remaining UK operations has ended several months of speculation and has been broadly welcomed by most in the UK sector.
Director , IFFA
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