Breaking News on Global Trading and Meat Processing

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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.

News in brief

Devro completes PV acquisition

Devro’s acquisition of PV Industries has been given the green light by European competition authorities.

Miratorg invests to double meat production capacity

Russian meat giant Miratorg is to invest RUB160 billion (US$2.5bn) on production projects in the next five years in an effort to double its pork and beef capacity and increase...

Sweden sees fall in pork imports

Bad publicity in Sweden for the pig meat sector in the past year – including television programmes critical of industry welfare and public debates over the heavy usage of antibiotics...

Cargill to move mince production from Nebraska

Cargill is to convert its beef mince plant in Columbus, Nebraska to a cooked meats facility and will relocate mince production to another site. The cost of the changes will...

Iran may restore beef imports after last year’s drop

Iran saw a threefold drop in beef imports, due to a rise in domestic production, according to a recent report from the country’s government. 

European aid package for farmers deemed insufficient

€500m in aid for European farmers hit by low prices in the pork and dairy sectors has been scorned by Members of the European Parliament (MEPs) and farming body Copa...

Silver Fern board backs China tie-up

A partnership between Silver Fern Farms and China’s leading meat processor Shanghai Maling, a listed company based in Shanghai, has been unanimously recommended by the board of New Zealand’s biggest meat...

Slaughterhouse acquisition cleared by Swedish authorities

The Swedish competition authorities have approved the acquisition by KLS Ugglarps, a wholly-owned subsidiary of Danish Crown, of a majority stake in the slaughterhouse Dalsjöfors Slakteri near Borås, east of...

News in brief

New abattoirs announced for Dubai

Dubai has started work on building two new slaughterhouses in the Al Quoz and Mergham districts.

Meat processor starts building meat cutting plant in Poland

Polish meat processor JBB has unveiled plans to launch the construction of a new meat cutting plant in Dylewo, in Poland’s central region of Mazowieckie. 

Belgian Pork Group merger given green light

The merger of Covalis and Westvlees to create the Belgian Pork Group has been cleared by the Belgian Competition Authority.

Disappointment at lack of EC support for beef

Farming group Copa-Cogeca has expressed disappointment at the European Commission’s (EC's) failure to adequately support beef farmers in the €500 million aid package it outlined yesterday (September 7, 2015).

Global agri-food business sells livestock firm to Polish company

Cargill Poland has sold Polish pig and cattle farmer Agro Provimi to local meat processor PKM Duda for PLN (Polish Zloty) 28.1m (€6.7m).

UK beef genetics firm buys Canadian business

UK-based Cogent Breeding, which supplies beef and dairy genetics to more than 40 countries worldwide, has acquired Foundation Genetics, the specialist Canadian bovine genetics business.

Serbian meat investment gets Chinese group's support

Serbian meat processor Neoplanta and Chinese group China Machinery Engineering Corporation (CMEC) have unveiled plans to invest in Serbia’s meat industry.

Atria pumps cash into chicken plant

Atria Finland has announced it is to increase efficiency of chicken production at its Sahalahti plant in Kangasala. 

News in brief

Go-ahead for South African merger

The competition commission in South Africa has given the green light to a proposed merger between Rhodes Food Group and Deemster.

News in brief

Australian meat firm signs plant deal with Thai processor

Adelaide-based meat manufacturer Thomas Foods has signed an agreement with Thai processor Charoen Pokphand Group that is expected to result in the construction of a new processing plant in South...

Bird flu takes its toll on US poultry processor

Sales and profits at poultry processing company Sanderson Farms in the US have been hit, as the aftershocks of the bird flu outbreak continue to be felt. 

Romanian meat firms eye €25m to expand output capacity

Romania-based companies Agricover and Degaro have unveiled investments totalling €25m with the aim of acquiring new facilities and expanding their existing capacities.

US beef import industry aided by the US dollar

The strong US dollar is contributing to a growth in the country’s imports of beef and a slowdown in its beef export business, according to the US Department of Agriculture...

Romania sees processed meat sales rise after VAT cut

Following a decision made by the Romanian government to reduce the VAT on meat and processed meat products from the rate of 24% to 9% this year, the country’s retail...

Avian flu costs US poultry and egg industry $390m

The avian flu virus has cost the US egg and poultry industry nearly $390 million because of a 14% drop in exports during the first half of 2015 compared to 2014.

Strong second quarter for Marfrig Global Foods

Brazil’s Marfrig Global Foods, one of the world’s largest beef, lamb, poultry and fish-based food companies, has seen a strong second quarter in 2015, with a free cash flow of...

Nomad to buy Findus for £500m

International frozen foods company Nomad Foods has agreed to buy the European arm of Findus for approximately £500m. 

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