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Breaking News on Global Meat Trading and Processing

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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.

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.

Brazil floods China with beef

Australia has been overtaken by Brazil as China's primary source of beef following a surge in Brazilian beef exports to the country, according to Rabobank.

EU urged to think differently on hormone disruptors

Farming body Copa-Cogeca has questioned the European Commission’s draft law on defining hormone disruptors, suggesting a risk-based approach would be better.

Currency pressure hits US pork exports to Mexico

Volatility in the foreign exchange market caused US pork exports to Mexico to nosedive in the first quarter of the year.

Profits ‘lower than anticipated’ for livestock shipper Wellard

Wellard Ltd, one Australia’s foremost livestock transporters, is braced for a drop in earnings, with the high price of cattle expected to dent full-year trading figures.

Meat plant closure puts 550 jobs at risk

Up 550 jobs are threatened as a result of the winding down of two Brazilian poultry plants, owned by meat processor BRF. 

Argentina president talks to meat firm to boost economic growth

Argentina’s reform-minded president Mauricio Macri met with executives of BRF this week, as the meat processor eyes up a mouth-watering investment in South America’s third-largest economy.

Meat companies fail to report soy use

A string of European meat processors, including Danish Crown and Moy Park, failed to disclose the source of soybeans this year, raising questions about their commitment to environmental sustainability.

HKScan to use ethical soy

HKScan is committed to using responsibly sourced soybeans, a key ingredient used in animal feed, to halt the deforestation of South America.

McDonald’s among 11 in trans fats phase-out pledge

Eleven of the world’s largest food and beverage companies, including fast-food chain McDonald’s, have pledged to reduce industrially produced trans fats globally within the next two years.

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.

JBS announces restructure plans

Brazilian beef processor JBS SA has announced a restructure of its business that would see the formation of new company JBS International. 

China’s pork imports booming

China’s pork imports more than doubled in March 2016 as environmental regulation slammed the brakes on domestic production for the country’s largest producers.

BRF profits drop after ‘challenging’ period

Brazilian meat processor BRF has reported a slide in gross profits for the first quarter of 2016 as pressure on poultry prices and the cost of corn hurt its income.

BRF strengthens Oman operation with AFK stake

Brazil’s BRF, one of the world’s largest meat processors, has entered into negotiations with frozen food distributor Al Khan Foodstuff (AFK) to acquire full control of the Omani business....

China's cooling growth to drag pork production down

As China’s economy drops down to single-digit growth, the global production of pork is expected to decline in 2016, according to data from the US Department of Agriculture (USDA).

Russia's pork imports rise amid low global prices

Despite strong government measures towards establishing an import substitution program, Russia imported 39,000 tonnes (t) of pork in the first quarter of 2016. 

Europe ‘confident’ on Mercosur deal amid beef row

The European Commission has responded to criticism over its proposed deal with South American trade bloc Mercosur by claiming the outcome will have “great economic benefit”.

EU ministers rally to safeguard beef from Mercosur trade deal

The European Commission has faced opposition from 20 politicians over plans to reduce tariffs on Mercosur beef exports, a move many claim will hurt the EU’s agriculture market. ...

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. 

Copa-Cogeca slams ‘unacceptable’ EU-Mercosur deal

Farming body Copa-Cogeca tells EU ministers to oppose a deal with South American trade bloc Mercosur that would pave the way to lower tariffs, leading to a “catastrophic impact” on...

News in brief

BRF in takeover of Globosuínos’ pork assets

Meat giant BRF has continued to flex its financial muscle in South America with the acquisition of Brazilian pork producer Globosuínos.

Brazil to unlock US beef market

Brazil is expected to export its first shipments of fresh beef to the US by mid-2016, despite the fact it has not yet secured access to the US market, according...

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