The US trade dispute with China has been flagged as one of the main challenges that the pork industry is set to face in the coming months, according to the Rabobank Q2 Pork Quarterly results.
Brazil’s Ministry of Agriculture, Livestock and Food Supply (MAPA) has reported a record month for beef exports in March totalling US$591.97 million (m).
Marfrig Global Foods has reached an agreement to acquire 51% of the membership interests in US processor National Beef Packing Company for US$969 million (m).
The new US tax legislation has caused operating earnings at Cargill to dip by 22% in its latest trading update for first nine months ended 28 February 2018.
Ukrainian agribusiness group MHP is ready to invest €76 million (m) to partially restore operations at the Doux Group, if the French regulator gives a green light to its takeover proposal, the company has said in a statement, released late March.
Brazilian meatpacker JBS is continuing to underperform as it reported a 4.2% year-on-year reduction in net revenue as a result of currency fluctuations and sales of assets as part of its divestment plan.
Finnish meat company Atria has reported strong sales results for 2017, achieved through corporate acquisitions and plans to develop organically through its ‘Healthy Growth’ strategy.
In 2017, Polish meat processor ZM Henryk Kania managed to significantly raise its sales revenues to about PLN1.4 billion (€335.9 million), which represented an increase of 9.8% compared with a year earlier.
Ukraine poultry giant MHP is in talks to acquire crisis-ridden French poultry processor Doux Group as a part of a strategy aimed at boosting broiler sales outside Ukraine.
As part of its expansion plans, Hungarian meat business MCS Vágóhíd is aiming to produce about 90,000 tonnes (t) of meat this year, and hire a further 70 employees at its facilities, according to senior company representatives.
Russia’s third-largest poultry producer, agricultural holding Belaya Ptitsa, has reported financial turbulence, as falling prices and shrinking state aid keep pushing down profitability in the industry.
