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Financial

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.

Saskatchewan to benefit from funding boost for pork development

Canadian federal and provincial governments announced a CA$150,000 funding package for the Saskatchewan Pork Development Board (SaskPork) this week.

Danish Crown reports satisfactory results despite Russian ban

Danish Crown has seen revenue slip slightly on last year’s figures in its latest financial statement, from DKK 58,164m (€7,824m) in 2012/13 to DKK 58,029m for the current financial year.

New tax initiatives set to hit Ukrainian meat industry

Ukraine’s government intends to increase the tax burden on meat producers, which could result in a strong negative impact on the development of the meat industry in the country in...

Red meat producers set to benefit from China-Australia trade deal

The Cattle Council of Australia (CCA) has said that "significant flow-through opportunities" exist for Australian beef producers following the signing of a China-Australia Free Trade Agreement (ChAFTA) today (17 November)....

Danish ministry to assemble support package for meat industry

Denmark’s ministry of food, agriculture and fisheries has commenced talks with the country’s farming and meat industry organisations to forge a new state emergency support package for the sector....

Welsh meat wins €4.1m funding boost

Welsh meat bosses are hoping to increase the profile for the country’s lamb and beef across Europe with the launch of a multi-million-euro project.

Smaller EU markets boost UK beef exports

Increased demand from smaller European markets has boosted trade for UK meat producers with a shift from carcase meat to higher value cuts.

Proposed US beef scheme criticised by sector leaders

US government plans to create an industry funded ‘checkoff’ programme for beef have been dismissed as a “waste of producer dollars” by sector leaders.

News in brief

Silver Fern Farms chief executive to step down as business reorganises

Keith Cooper, chief executive of Silver Fern Farms, is to step down from his position.

EU launches new meat sales promotion programmes

The European Commission has announced a further four European Union (EU)-funded marketing programmes, promoting sales of EU-produced meat, within member states and abroad.

European trade deal with East African community set to increase meat and livestock trade

Kenya’s meat industry is worried that East Africa’s meat and livestock sector could suffer from the impact of subsidised European Union (EU) exports now that a trade deal has been...

Irish hardest hit by Russian ban on bovine offal and fats

Ireland has been especially hard hit by the latest expansion of Russia’s ban on European Union (EU) meat exports, figures released by the European Commission reveal.

McDonald’s Japan revises finances following food safety scandal

McDonald’s Holdings Japan has revised its financial forecasts to take into account a damaging incident earlier this year, in which workers from supplier Shanghai Husi were filmed picking meat off...

News in brief

European ready meals market predicted to reach more than €40bn by 2016

The European ready meals market is forecast to grow 12% by 2016, according to food and drink market research company Food For Thought (FFT).

Russia accuses Brazil of overpricing meat supplies

Russian veterinary watchdog Rosselkhoznadzor is concerned at the sharp increase in prices on livestock production supplied from Brazil.

China Cabinet demands increase in beef and lamb imports

China’s cabinet, the State Council, has announced the country will increase imports of beef and lamb, according to a Chinese government communiqué. It follows a meeting between ministers on 29...

News in brief

UK pig prices drop 9% on previous year

A government census has revealed that UK farmgate pig prices are almost 10% lower than they were at this time last year.

Russia threatens ban meat on imports from Belarus due to EU re-exports

Rosselkhoznadzor has not ruled out the possibility of banning the supply of animal products from Belarus, due to a number of veterinary legislation violations revealed in a number of inspections...

Bulk of 2015 US beef industry levy to be used in domestic market

The Cattlemen’s Beef Promotion and Research Board in the USA will spend US$10.5m of its US$39m investments planned for the fiscal year of 1 October 2014-2015 to promote beef sales...

News in brief

UK meat body eyes Dutch opportunity

British beef exporters could exploit opportunities in the Dutch foodservice sector, according to UK beef and lamb levy body Eblex.

News in brief

UECBV hopes to open dialogue with Russia

The European Livestock and Meat Trades Union (UECBV) is looking for the opportunity for a dialogue with Russia, with the aim of restoring confidence between the two parties.

Zimbabwe prepares to sell beef to Russia

Zimbabwe will soon start exporting beef to Russia, which continues to seek new suppliers after banning imports from the US and European Union (EU), the southern African country’s agriculture minister...

Russia about to import pork from China

Russian health regulators have now approved imports of pork from five Chinese suppliers, including two subsidiaries of the Shuanghui Group, GlobalMeatNews has been told.

News in brief

Welsh Lamb promoted at Italian event

Representatives from Italy’s retail and foodservice sectors were invited to an event in southern Italy, hosted by Hybu Cig Cymru – Meat Promotion Wales.

Brazil’s beef exports to Russia soar

Brazilian beef exports to Russia have soared following the embargo of food imports from the US, EU, Canada, Norway and Australia, according to the Brazilian Association of Meat Exporting Industries...