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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.

McDonald’s Japan revises finances following food safety scandal

McDonald’s Holdings Japan has revised its financial forecasts to take into account a damaging incident earlier this year, in which workers from supplier Shanghai Husi were filmed picking meat off...

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European ready meals market predicted to reach more than €40bn by 2016

The European ready meals market is forecast to grow 12% by 2016, according to food and drink market research company Food For Thought (FFT).

Russia accuses Brazil of overpricing meat supplies

Russian veterinary watchdog Rosselkhoznadzor is concerned at the sharp increase in prices on livestock production supplied from Brazil.

China Cabinet demands increase in beef and lamb imports

China’s cabinet, the State Council, has announced the country will increase imports of beef and lamb, according to a Chinese government communiqué. It follows a meeting between ministers on 29...

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UK pig prices drop 9% on previous year

A government census has revealed that UK farmgate pig prices are almost 10% lower than they were at this time last year.

Russia threatens ban meat on imports from Belarus due to EU re-exports

Rosselkhoznadzor has not ruled out the possibility of banning the supply of animal products from Belarus, due to a number of veterinary legislation violations revealed in a number of inspections...

Bulk of 2015 US beef industry levy to be used in domestic market

The Cattlemen’s Beef Promotion and Research Board in the USA will spend US$10.5m of its US$39m investments planned for the fiscal year of 1 October 2014-2015 to promote beef sales...

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UK meat body eyes Dutch opportunity

British beef exporters could exploit opportunities in the Dutch foodservice sector, according to UK beef and lamb levy body Eblex.

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UECBV hopes to open dialogue with Russia

The European Livestock and Meat Trades Union (UECBV) is looking for the opportunity for a dialogue with Russia, with the aim of restoring confidence between the two parties.

Zimbabwe prepares to sell beef to Russia

Zimbabwe will soon start exporting beef to Russia, which continues to seek new suppliers after banning imports from the US and European Union (EU), the southern African country’s agriculture minister...

Russia about to import pork from China

Russian health regulators have now approved imports of pork from five Chinese suppliers, including two subsidiaries of the Shuanghui Group, GlobalMeatNews has been told.

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Welsh Lamb promoted at Italian event

Representatives from Italy’s retail and foodservice sectors were invited to an event in southern Italy, hosted by Hybu Cig Cymru – Meat Promotion Wales.

Brazil’s beef exports to Russia soar

Brazilian beef exports to Russia have soared following the embargo of food imports from the US, EU, Canada, Norway and Australia, according to the Brazilian Association of Meat Exporting Industries...

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German meat and dairy office opened in China

German meat and milk industry associations have opened a joint office in Beijing to promote the export of German products to China, according to Verband der Fleischwirtschaft (VDF).

Further limits expected for Argentine beef exports

Traders expect the limits imposed on beef exports by the Argentine government to continue, according to a new report from the US Department of Agriculture’s Foreign Agricultural Service (FAS).

US pork price sees upward trajectory

The price of US pork has increased by 10% since the middle of August this year, according to data from global commodity analyst Mintec.

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FAO Meat Price Index up

The Food and Agriculture Organisation of the United Nations (FAO) Meat Price Index averaged 207.3 points last month – up 1.2% (2.5 points) off July’s revised value.

Bullish outlook for global poultry industry

Pricing across the global poultry market is expected to remain bullish, despite the recent Russian ban, according to a new report by Rabobank.

Cherkizovo to invest RUB4bn in pork and poultry

Russian meat giant Cherkizovo Group is to invest RUB4bn (US$104m) in the expansion of its pork and poultry production facilities in Voronezh.

Investment in Canadian livestock genetics announced

The Canadian Livestock Genetics Association (CLGA) is to benefit from CA$1.6m-worth of government funding.

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McDonald’s sees significant sales drop in APMEA

Global fast food chain McDonald’s has seen sales drop 14.5% in the Asia/Pacific, Middle East and Africa (APMEA) region.

Hilton Food Group grows in Western Europe

Specialist retail meat packing business Hilton Food Group has seen continued growth in Western Europe, which has helped push up profit after tax by 1.8%, to £10.2m, for the 28...

Shake-up at Meat and Livestock Australia, as industry grumbles about funding

Meat and Livestock Australia (MLA) will cut its budget by 10% of its operating costs and plans on revamping its research programme, amidst grumbles from the industry about its funding...

Ukraine meat industry fights to preserve tax breaks

Ukraine’s Agricultural Ministry has decided to extend the preferential tax regime on most agricultural enterprises until the end of 2014, following pressure from the unions representing the country’s meat producers...

Danish pork sector to lose DKK1.6bn to Russia through Moscow ban

Danish meat industry organisations estimate that Russia’s meat embargo will cost the country’s pig farming industry around DKK1.6bn (US$282m/€215m) in 2014.