SUBSCRIBE

Breaking News on Global Trading and Meat Processing

Headlines > Financial

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.

Investment expected for Ghanaian poultry industry

The Ghanaian government is to deliver on its promise plough GH¢39m (£6.1m) into its poultry industry, to help create jobs and stimulate growth in the sector, said Deputy Minister of...

Danish Crown increases profits despite challenges in Europe

Profits at Danish Crown have increased by 28% in the first half of the 2014/15 financial year, due in part to the takeover of the remaining 50% of leading Polish...

News in brief

Investment announced for Canadian poultry sector

The Canadian agriculture department has announced it will plough nearly $185,000 into improving conditions in which livestock and poultry are transported.

News in brief

Leading Russian poultry producer announces favourable financials

Cherkizovo Group, Russia’s largest meat and feed producer, has announced strong double-digit growth in both sales and profits in the first quarter of 2015.

News in brief

Hormel Foods predicts turkey sales fall

Hormel Foods said it expected sales of its turkey products to fall around 15% in the second half of the year, due to a supply shortfall caused by an avian...

News in brief

Controlling stake in major French poultry exporter set to be sold

Agricultural co-operative Terrena is in exclusive talks to buy a controlling stake in Doux, France’s largest poultry exporter.

Pakistan meat sector hopes new government budget will boost halal exports

The meat industry in Pakistan is hoping an upcoming government budget will promote investment enabling the sector to hit a government target of doubling the country’s export earnings from the...

Hungary’s poultry industry calls for equal VAT for pork, poultry meat

Hungary’s industry association the Poultry Products Council has called on the Hungarian government to ensure equal tax treatment for the country’s poultry and pork meat.

Tariff warning from USMEF over COOL

Canada and Mexico could realistically impose retaliatory tariffs on the import of US meat, the US Meat Export Federation (USMEF) has warned, depending on the outcome of a World Trade...

News in brief

Australia cattle association welcomes new budget

The Cattle Council of Australia (CCA) has said it welcomes the positive measures for cattle producers announced as part of the new Federal Budget, this week.

News in brief

Bird flu investment pledged to British Columbia poultry producers

Combined funding of up to CA$1.58m is to be awarded to poultry producers in British Columbia, Canada.

News in brief

Australia sees AUS$100m funding for beef transport infrastructure

The Australian beef industry is to benefit from AUS$100m funding to improve roads "that are critical to the beef industry".

French poultry industry hit with €15.2 million fine

The French competition authority, l’Autorité de la Concurrence, has imposed combined fines of €15.2 million on a number of poultry companies and organisations for conspiracy on pricing and market shares.

News in brief

Marfrig ups revenue by 23% in Q1 2015

Marfrig Global Foods increased its net revenue by 23% in the first three months of 2015, to R$5.9bn (US$1.96bn).

$330m of emergency funds added to avian influenza support

The US government has approved the use of $330 million in emergency funds to help combat the growing avian influenza epidemic.

News in brief

Chareon Pokphand to invest $500m in India

Thailand-based Chareon Pokphand is to invest $500m over the next five years in its Indian division, in an effort to double turnover.

McDonald’s restructures organisation in turnaround plan

International fast food chain McDonald’s has announced a turnaround plan to counteract recent poor performances.

News in brief

HK Scan reduces losses in latest financial update

Nordic meat company HK Scan saw sales dip slightly in the first quarter of 2015, as the Danish market remained challenging.

News in brief

Pilgrim’s Pride doubles net income in Q1

Pilgrim’s Pride Corporation has reported a year-on-year increase in net income and sales for the first quarter of 2015.

Maple Leaf reports positive sales uplift in Meat Products Group

Rising meat prices have helped drive a near 10% overall sales increase for Canadian food processor Maple Leaf Foods, which has reported significantly improved financial results for the first quarter...

Germany’s Tönnies to invest €420m in Serbian pig farms

Germany’s Tönnies GmbH & Co has signed a memorandum of understanding with the Serbian government, under which the company will invest €420m to set up five new pig farms in...

News in brief

Devro sees strong overseas performance

Scotland-based collagen casing manufacturer Devro said it had seen strong performances in China, Japan, Germany and North America, in its latest trading update.

India cattle smuggling crackdown prompts price hikes in Bangladesh

Bangladesh meat traders have warned that cattle prices are spiralling in the country after the Indian government cracked down on cross-border smuggling, increasing scarcity.

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...

News in brief

McDonald’s sees sales fall further

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

On demand Supplier Webinars

Cracking down on Campy – what should industry be doing?
Food Standard Agency
All supplier webinars