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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.

China drives growth of EU pork exports

Exports of pork in Europe reached the second-highest level on record thanks to a growing appetite for pork in China, new data from AHDB Pork has revealed.

Danish Crown pays £28.4m extra to pig farmers

Danish Crown – Europe’s largest pork producer – has paid its owners DKK300m (£28.4m) more than it did in 2014 citing “strong financial results”. 

Syria crisis hits Jordanian meat market

The demand for meat in Jordan has been weakened by the conflict in its troubled neighbour Syria, with the Jordanian economy slowing down due to regional instability, impacting consumer purchasing...

Australia blocks farmland sale to foreign investors

The sale of Australia’s largest cattle property portfolio by S Kidman & Co to a foreign investor has been blocked by Australia’s Treasurer - finance minister Scott Morrison.

News in brief

US Congress urged to approve TPP

A group of former US agriculture secretaries have issued an open letter urging Congress to pass the Trans Pacific Partnership (TPP).

Pork blights Brazil’s meat progress

November has been a strong month for Brazil’s growing meat industry. Sales of chicken and beef continue to rise but the price of pork – hit hard by a nationwide...

News in brief

Australia investigates ‘anti-competitive’ beef claims

The Australian Government has launched an investigation into the red meat processing industry over the claims of anti-competitive behaviour. 

JBS profits rise, despite US dip

The world’s largest meat processor, Brazilian firm JBS, has reported strong sales growth in its third financial quarter (Q3), driven largely by its food division, despite struggles in its US...

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Merger for food equipment firms

Ventilex, a technology company that supplies equipment to the food industry, has merged with rival firm Imtech DryGenic. The combined company specialises in drying and dehumidification equipment. 

Seafood company enjoys robust profit rise

International seafood firm Thai Union has recorded double digit profit growth for the third quarter of the year, buoyed by its acquisition of three rival firms, MerAlliance, King Oscar and...

Miratorg set to double steak production capacity

Bryansk Meat Company (BMC), a subsidiary of Russian agricultural holding Miratorg, has increased its daily capacity for the production of beef steaks to 1 tonne (t). 

US meat bodies urge haste on TPP deal

Meat organisations in the US have urged Congress to pass the recently concluded Trans-Pacific Partnership (TPP) agreement as quickly as possible.

News in brief

Competition body blocks Danish Crown-Tican merger

A planned merger between European meat product group Danish Crown and smaller Danish rival Tican was blocked by competition authorities on Monday after a seven-month review, Danish Crown said in...

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Drop in price for Brazilian beef

Brazilian beef prices have fallen 28% since April due to a decline in domestic demand, according to a new Mintec report.

JBS USA completes Cargill Pork purchase

JBS USA has announced it has concluded its acquisition of Cargill Meat’s pork business, Cargill Pork. 

New COO for Hormel Foods

Hormel Foods’ board of directors has elected James Snee as its new president and chief operating officer, effective from 16 October 2015. 

Nomad Foods completes Findus acquisition

Nomad Foods has completed its £500 million acquisition of the Continental European arm of Findus, backed by a group of investors including Highbridge Principal Strategies, Lion Capital and Sankaty Advisors.

Chinese pork imports on the rise

Pork imports into China have continued to increase throughout 2015, with volumes totalling 518,000 tonnes (t) for January to September, up 22% on the year before.

Chinese demand for fresh expected to grow

China’s growing appetite for fresh food imported from Europe will require significant investment in cold supply chains throughout the main rail route, a new report from Rabobank and the agricultural...

Weak Australian dollar helps meat industry

The weak Australian dollar throughout 2015 has worked in the favour of its red meat industry, Meat and Livestock Australia (MLA) has said, cementing its position as a net red...

Pilgrim’s Pride sees sales drop in Q3

Poultry processor Pilgrim’s Pride has announced a fall in sales and profits for the third quarter of the year due to “continued challenges in the export market” and the strong...

Yum! separates China business

The $31 billion company behind KFC, Pizza Hut and Taco Bell has announced plans to divide its business into two publicly traded companies, with its business in China run as...

MHP sees sales growth while exports slow

Ukrainian poultry producer MHP has published its third quarter results, showing increased production and sales volumes overall, but a significantly reduced export business. 

US benefits of TPP revealed

Documents describing the specific financial benefits to US meat traders of the trans-pacific partnership (TPP) have been published by the department of agriculture (USDA).

Ukraine poultry processor invests in more land

Ukraine’s largest poultry producer, MHP, plans to acquire 100,000 hectares (ha) of agricultural land and several businesses inside and outside of the country.

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