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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.

Brussels spends extra to promote EU meat sales in face of Russian ban

The Polish, Scottish, Austrian and Belgian meat sectors are significant winners in the latest announcement of European Union (EU) marketing finance, designed to help food companies seize more sales within...

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McDonald’s sees sales fall further

Global like-for-like sales fell 2.3% for McDonald’s in the first quarter of 2015.

Ukraine does U-turn on state support of livestock industry

The Ukraine government has reinstated state support for the livestock industry, which was cancelled in 2014 amid an acute shortage of money in the state budget.

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NZ butchers fined over sulphite use

Fifteen meat wholesalers and retailers have been prosecuted in the Auckland area of New Zealand, for the misuse of sulphites in raw meat.

EU likely to resist China WTO case over poultry imports

The European Commission looks set to resist a World Trade Organisation (WTO) dispute over European Union (EU) poultry product tariffs brought by the Chinese government.

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US Congress urged to support Trade Promotion Authority

The National Cattlemen’s Beef Association (NCBA), in the US, is urging Congress to pass legislation which could boost American exports, and create new economic opportunities, it said. 

Russia aims for 70% decrease in meat imports through investment

The Russian government will allocate RUB570 billion (US$11 billion) to implement an import substitution program for the agricultural industry, with about a third of this amount directed at meat producers....

Reduction seen in global pork prices

Strong supply coupled with weak demand has seen pork prices fall, putting pressure on producers’ profit margins.

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.

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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.

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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.

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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...