Financial

Labour costs hit Ukrainian processor

Rising labour costs damage MHP’s revenue

By David Challis

Ukrainian processor MHP’s increased revenue and production levels have been tainted by rising labour and administrative costs, which have damaged the company's profits during the first quarter.

Picture: Beyond Meat

Beyond Meat Q1 revenues slightly ahead of guidance

By Elaine Watson

Revenues at plant-based meat brand Beyond Meat tripled in Q1 2019 vs Q1 2018, surging 215% to $40.2m, slightly ahead of guidance provided in its IPO filings, primarily driven by growth of the ‘cook from raw’ Beyond Burger in foodservice and retail channels....

Croatian meat business invests in expanding capacities

Croatian meat business invests in expanding capacities

By Jaroslaw Adamowski

Croatian meat producer and processor Vajda has invested more than HRK 50 million (€6.8m) in modernising and increasing its production capacities in Čakovec, in the country’s northern region.

Australian Agricultural Company suffers $100m hit

Australian Agricultural Company suffers $100m hit

By Aidan Fortune

Australian Agricultural Company (AACo), the country’s largest cattle producer, has suffered a AUS $100m hit due to the harsh weather conditions experienced at the start of 2019.

2 Sisters Food Group has announced plans to close its Witham processing facility

2 Sisters to close poultry site

By Aidan Fortune

2 Sisters Food Group has announced plans to close one of its poultry processing plants in a bid to grow efficiencies in its supply chain.

Konspol looks to increase capacities

Konspol looks to increase capacities

By Jaroslaw Adamowski

Polish poultry meat producer and processor Konspol is planning to continue its investments in expanding its capacities in the domestic market and as an exporter, according to senior company representatives, less than a year after its acquisition by Cargill....

Cargill invests in cultured meat business

Cargill invests in cultured meat business

By Aidan Fortune

US processor Cargill is to expand its presence in the alternative proteins market with an investment in cultured meat business Aleph Farms.