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Headlines > Financial

Asian FMD boosts US pork exports

The US was the world’s biggest pork exporter in 2011, shipping 2.24m tonnes, mostly to Asia, Canada and Mexico, the US Department of Agriculture (USDA) has revealed. November was a...

Brazilian pork suppliers open door to US

Brazil has welcomed a decision by US officials to accept pork imports from Santa Catarina slaughterhouses.

Slowdown for world meat prices

Global meat prices started to slow down at the end of last year, reflecting sharp declines in overall food prices, according to the Food and Agriculture Organisation (FAO).

News in brief

Meat slicer boosts processor’s productivity

Leading Middle East processor Al Nabil Company for Food Products has doubled its throughput since installing a new meat slicer.

Food exports help Ireland’s economy

Agri-food’s role in getting Ireland out of its economic crisis received a boost, as food exports grew at three times the rate of total merchandise exports in the first nine...

Poor meat performance contributes to Cargill profit plunge

US processing giant Cargill has announced a huge drop in profit driven in part by poor performance from its meat businesses.

Australia proposes pig slaughter levy increase

Australia’s pork body has submitted a proposal to government seeking permission to increase the pig slaughter levy for the first time in 18 years.

Smithfield "thrives" as profits slide

US meat giant Smithfield Foods has described its business as “thriving” following the announcement of a strong second quarter, with sales up 10% to US$3.3bn.

MeatProcess.com acquired by William Reed Business Media

Decision News Media, publisher of MeatProcess.com and 16 other websites serving the international food, nutrition, pharmaceutical and cosmetics industries, has been acquired by the leading UK business-to-business publisher William Reed...

Cranswick adds Perkins Chilled Foods

Cranswick, the UK group with operations as diverse as pork products, sandwiches and pet food, is to extend its presence in the added-value meat sector with the acquisition of Perkins...

Good year for Cremonini

Italian meat products and restaurant group Cremonini ended 2003 with a significant increase in profits, helped by a number of acquisitions and an increasing focus on speciality meat products, especially...

Organic, key element of CAP's future?

A key feature of Europe's drive towards sustainable agriculture is the push for organic farming, said EU commissioner Franz Fischler this week.

Cooperation works

US-based farm cooperative Meadowbrook Farms is set to open a state-of-the-art pork processing plant that will be wholly owned by hog producers.

Disposals, currencies hit Campofrio

Spain's biggest meat processor Campofrio has reported declines in both sales and profits for the first nine months of the year, affected by currency exchange rates and disposals. But operating...

Cremonini rises

A move towards higher margin products and an ongoing programme of debt reduction have helped Italian meat processor Cremonini to a strong rise in sales and profits in the first...

Grampian grows

Grampian Country Food has become one of the UK's largest red meat processors following the acquisition of St Merryn Food Group. St Merryn is one of the largest suppliers in...

Space to improve

Financial results released this week by Finnish processing group Atria suggest it has been a mixed year so far for the company.

Paying a premium

The continuing fall out effects from the discovery of BSE in Western Canada and a stronger Canadian dollar have impacted on meat processor Premium Brands' third quarter results.

Poor poultry performance

French meat processor Duc saw turnover slump by nearly 12 per cent in the first half of the year, as it felt the impact of competition from both cheaper and...

Smithfield acquires Farmland

Smithfield Foods claims that its winning bid to acquire Farmland Foods from Farmland Industries is good news for Farmland's employees, independent hog producers, communities, pensioners and creditors.

Meat processor aims for Latin growth

Leading Chilean meat processor La Preferida has announced plans to increase its current market by expanding into neighbouring countries in Latin America.

Pouttu Foods entirely to HK Ruokatalo's ownership

Finnish meat processing firm HK Ruokatalo announced yesterday that it has acquired the remaining 10 per cent stake in the Outokumpu-based procurement and slaughtering company Pouttu Foods.

EU warn of pigmeat price rise

The EU's Pigmeat Management Committee have released tighter price revisions for the second half following the lower availability of slaughter pigs and reduced productivity caused by the heatwave.

PDO focus adds value to Cremonini

Italian meat processor Cremonini is keen to increase production of typically Italian cured meats that benefit from PDO or PGI status offering greater added value to the company.

Canterbury tales

A depressed market and an urgent need to restructure have been reflected in relatively poor interim results for UK meat processing firm Canterbury Foods.

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