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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.

Iraq Customs tax retracted on Turkish poultry, but full chicken imports halted

Iraq’s government has been undertaking a series of policy twists to restrict the exports of poultry products from Turkey, according to the Turkish Poultry Promotion Group.

News in brief

Positivity shines through in State of the Industry Survey

The general feeling in the global meat trading and processing industry is one of optimism, according to GlobalMeatNews’ annual State of the Industry Survey .

Weather looks set to hit Aussie cattle prices

A three-month period of rainfall has the potential to give Australian cattle prices “a strong kick”, according to Meat & Livestock Australia’s (MLA) latest quarterly update.

Cargill’s performance boosted by meat

Cargill has said positive results in its third quarter were driven by its global group of meat and animal nutrition businesses. 

US accuses South African Poultry Association of press offence

The executive director of the South African Poultry Association Kevin Lovell has implied that access to the chicken market for US poultry producers would destroy the local industry, resulting in...

French implement measures to shore up pig industry

Emergency measures designed to resuscitate the crisis-hit French pig industry have been announced by the French minister of agriculture, food and forestry.

JBS posts record revenue for 2014

Global meat giant JBS more than doubled (+119.6%) its net income during 2014, with profits amounting to R$2.04bn.

News in brief

Cherkizovo to take on pork complex

Russian meat manufacturer and processor Cherkizovo Group has acquired a pork complex in the Lipetsk Region of the country for RUB250 million.

Europe gains new poultry association

A new European association for live poultry and poultry hatching eggs has been established.

UK processor invests £27m in ‘intelligent’ deboning

A £27 million investment will create 209 jobs at UK meat processor Dunbia’s headquarters in Dungannon, Northern Ireland.

International meat packer reveals profit increase

Pre-tax profits are up at Hilton Food Group despite "challenging market conditions", the meat processor has announced.

Japan poultry giant mulls technology transfer to boost Indian exports

Tokyo-based Mayekawa Manufacturing Co is in talks with officials of India’s Andhra Pradesh state government to bring Japanese technology to the state’s large poultry industry. N. Chandrababu Naidu, the chief...

Miratorg sees hike in profits as market structure evolves

Russian agricultural giant and one of the largest meat producers in the country, Miratorg, reported a 38% jump in revenue year-on-year to RUB74.06 billion (US$1.23 billion), which is a record...

Tyson to invest nearly $50m in new beef plant

Tyson Fresh Meats is to plough $47m into its Lexington plant in the US, in order to construct a new, expanded, boxed beef warehouse, in a bid to ensure the...

New poultry complex for Sanderson Farms

US poultry producer Sanderson Farms has revealed it is to invest $139 million in a new poultry processing plant, and waste water treatment facility in North Carolina.

Poultry a key focus for Marfrig Global Foods in 2015

Taking advantage of the favourable global outlook for poultry, and the opening of new markets for Brazilian beef, are key focuses for Marfrig Global Foods in its strategy for 2015.

News in brief

JBS USA secures approval for Australian acquisition

JBS USA’s proposal to acquire Australian Consolidated Food Holdings Pty Ltd (Primo), through its wholly-owned subsidiary, JBS Smallgoods HoldCo Australia Pty Ltd, has been approved by the Hon Joe Jockey...

Welsh meat industry sets ambitious growth targets

The Welsh red meat industry is looking to target a 34% uplift in sales by 2020, as part of a new strategy announced today (9 March).

South Africa opens doors to Brazilian meat

The Brazilian government has received confirmation from the South African health authorities that it is to reopen the market for exports of boneless beef.

Guest article

Prospects for the Eurozone in 2015

Matt Incles, from Promar International, describes the latest developments in the Eurozone and considers the impact on consumers and their meat purchase behaviour.

Marfrig achieves target revenue in 2014

Brazilian meat giant Marfrig Global Foods has achieved full-year revenue of R$21bn, as a favourable currency exchange and growth in exports pushed up sales across the business.

News in brief

US corporation acquires Marel site

Equipment manufacturer Marel is selling its high-speed slicing facility in Norwich, United Kingdom. 

Banks impeding growth in Danish organic meat sector

Tighter lending positions being taken by banks in Denmark towards the country’s agri-industry is restricting herd and production-related investments by the country’s organic meat sector.

News in brief

Tulip completes expansion of UK plant

Danish Crown subsidiary Tulip has completed the modernisation and expansion of its Westerleigh plant in Gloucestershire, England, as part of a project costing approximately DKK160m (£16m).

News in brief

Golden State Foods to open $40m processing facility

Leading US beef processor Golden State Foods (GSF) is to invest between $40-45m in a new meat processing facility in Opelika, Alabama, as it looks to expand its operations.