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Breaking News on Global Meat Trading and Processing

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News in brief

World Steak Challenge sees surge in global interest

The number of participating nations in this year’s World Steak Challenge has increased by 60% since the inaugural event kick-off at London’s Hyde Park in September 2015.

Russian embargo causes $1bn loss to Ukraine

Ukraine has lost $1bn-worth of trade thanks to the Russian-inflicted food embargo, according to Natalia Mykolska Ukraine’s Deputy Minister of Economic and Trade Development. 

Fodder trends: drop in Australian cattle in feedlots

The number of slaughter cows across Australia on feed has fallen year-on-year, according to a feedlot survey by Meat & Livestock Australia (MLA). 

Half-year profits slashed at Ukraine’s MHP

MHP, the largest agro-industrial firm in Ukraine, saw its pre-tax profits drop by nearly 20% in the first half of the year, according to the company’s unaudited half-year financial results.

Brazil to overtake US as world’s top meat exporter

Brazil will continue to challenge the US for the position of being the world’s biggest meat producer and exporter over the next decade, according to government estimates.

World Steak Challenge enters crucial period

There is less than one month left to enter the World Steak Challenge – a competition to find and reward the greatest sirloin steaks in the world.

‘Controversial’ study says meat and sugar equally bad

Meat is just as bad as sugar when it comes to obesity causes and national dietary guidelines should recommend eating less meat, according to Australian researchers.

Meat processor BRF posts drop in profits

Brazilian food processor BRF posted a near-quarter drop in pre-tax profits as the soaring price of corn dented pork and poultry operations.

MHP: Middle East boosts poultry growth as it expands there

Ukraine’s MHP has reported growth in poultry production, with sales reinforced by a robust export upswing to the Middle East in its preliminary half-year results, posted on 19 July. 

FAO: Global price of meat up

The price of a shopping basket of meat products increased for the third month in a row, according to the Food and Agricultural Organisation’s (FAO) Meat Price Index.

Vegan firms should target meat eaters

Meat eaters with an appetite for vegetables could be a cash cow for meat-free food companies, according to data from Innova Market Insights. 

GlobalMeatNews Survey

Russian trade ban inflicts maximum damage

Russia’s politically-motivated decision to slash meat imports continues to be a bloody thorn in the side of the meat industry, according to an exclusive GlobalMeatNews survey.

News in brief

BRF spin-off creates halal unit

Brazilian meat processor BRF has announced plans to set up a subsidiary tasked with strengthening the meat giant’s supply of meat to Muslim consumers.

Philippine halal law to drive meat export growth

Outgoing Philippine President Benigno Aquino has signed into law a consolidated measure on halal exports, which may help boost the country’s meat exporters in the Middle East.

Pakistan launches its biggest halal plant

Pakistan’s largest conglomerate, the Fauji Group, has launched the country’s biggest halal abattoir, meat processing and exporting unit near Port Qasim, Karachi.

MHP exports rise despite ‘low’ poultry prices

Chicken meat exports climbed at MHP in the first quarter of 2016, despite the Ukraine-based agro-industrial grain and poultry producer reporting plummeting pre-tax profits during the period.

World Steak Challenge 2016 now open for entries

Following the success of the inaugural World Steak Challenge, organised by GlobalMeatNews, the international competition to crown the best steak on the planet has returned.

Food trends: meat consumption up, beef declines

Global meat consumption has recorded a year-on-year increase when compared to figures from 2014, according to data from London-based market intelligence firm Euromonitor International. 

UK beef exports seen as premium

Thanks to an “unparalleled” rain-fed pasture system and nutrient-rich grass, UK beef exports are perceived globally as premium meat products, according to UK levy board AHDB Beef & Lamb.

Poultry imports blocked by Saudi and South Korea

South Korea has banned imports of US poultry, while Saudi Arabia has embargoed French poultry as pathogenic strains of avian influenza beset the US and France. 

US funds pandemic animal disease action

The US has committed $87 million to efforts to combat pandemic animal diseases that threaten human health, including avian influenza.

Dubai trade show oils the wheels of regional investment

Increased investment in the food industry in the Middle East, Africa and South East Asia (MEASA) looks set to intensify interest in trade show Gulfood Manufacturing in Dubai next week.

Saudi Arabia opens market to French beef

Saudi Arabia has lifted a 15-year ban on French beef, opening a market closed due to BSE and offering potential to an industry hurt by low prices and the Russian...

Australia looks to Middle East to boost beef exports

Australia needs to focus more on the Middle East as a long-term beef export destination, according to Australia Arab Chamber of Commerce and Industry CEO Suzannah Moss-Wright, as exports to...

Brazil hopeful about new markets

Brazil is making progress in its mission to lift import embargoes for its meat around the world.

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