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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.

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.

News in brief

Canadian pork industry sees boost to biosecurity

The Canadian pork industry is to benefit from a CA$2m funding boost, targeted at improving its traceability and biosecurity measures.

News in brief

Pig prices fall in China

Increased supply and government initiatives to stabilise the pork market in China have seen pig prices fall 7% in a year.

Mumbai region buffalo meat strike launched over police harassment

Buffalo meat supplies in the Indian state of Maharashtra, which includes Mumbai, have stopped after an indefinite strike was called by butchers and traders to protest against the alleged harassment...

Japan pork producers fight for status quo in US-Japan pig meat trade

Japan’s pork industry remains resolutely opposed to its national government watering down tariffs in discussions with the USA on the proposed Trans-Pacific Partnership (TPP) free trade deal, warning that revising...

Questions raised over US antibiotic investment

The Obama Administration’s proposed $1.2bn investment in combating antibiotic resistant bacteria has come under fire from the Natural Resources Defence Council (NRDC) for failing to adequately address antibiotic misuse in...

Russian meat company’s prices jump after import ban

Russian meat manufacturer Cherkizovo Group has seen the average sale price of pork increase by 47% in 2014, helped by import restrictions on EU meat.

Finland’s Atria tackling operating cost base

Finland’s Atria is pushing ahead with plans to reduce its cost base in the face of lower revenues that are mainly being generated due to lost meat trade with Russia,...

EU funding awarded for infectious diseases project

An EU project designed to speed up the detection and response times for human and animal disease outbreaks has been awarded more than €20 million.