Financial

Prosecutors called the actions of Batista brothers Joesley and Wesley (pictured) 'illegal'

JBS Batista brothers charged with insider trading

By Oscar Rousseau

Joesley and Wesley Batistia, the billionaire brothers of scandal-rocked Brazilian meatpacker JBS, have been charged with insider trading by prosecutors who allege the duo pocketed over US$30m.

Croatian meat business boosts capacity with $13m investment

Croatian meat business boosts capacity with $13m investment

By Jaroslaw Adamowski

Croatian meat producer PPK karlovačka mesna industrija d.d has completed an investment worth HRK 95 million (€13m) which enabled it to expand output capacity at its Karlovac plant in north-western Croatia.

Taze Ay has received financial support from EBRD in the past

Halal sausage maker to quadruple production

By Oscar Rousseau

Turkmenistan halal meat producer Taze Ay plans to increase sausage production by 400% after securing a loan from a London bank investing in small and medium-sized enterprises (SMEs).

Trading figures for Cargill's grain division performed worse than last year

Brisk beef demand buoys Cargill’s profit

By Oscar Rousseau

Strong beef demand helped Cargill post a strong quarterly profit rise, although its grain division suffered from a fall in commodity prices.

Both Cargill and Faccenda Foods are privately owned companies

Cargill, Faccenda Foods form UK poultry firm

By Aidan Fortune

Two major poultry businesses have agreed to work together in a new joint venture to provide chicken, turkey and duck to the UK retail and foodservice market.

MHP has been expanding steadily across Europe as its export sales surge

Ukrainian giant to take over Polish company

By Jaroslaw Adamowski

Ukraine’s grain and poultry giant MHP has submitted an application to Poland’s competition watchdog UOKiK to obtain the body’s approval for its plan to take over Polish poultry meat producer and processor KZD Exdrob. 

Polish meat processor raises sales despite wage growth pressure

Polish meat processor raises sales despite wage growth pressure

By Jaroslaw Adamowski

In the first six months of this year, Polish meat processor ZM Henryk Kania managed to increase its sales by 15% to a total of PLN 684.7 million (€159.4m) despite the increasing wage growth pressure that has forced a number of local meat industry players...

The merger between Country Bird Holdings and Sovereign Food Investments has been delayed

South African poultry deal hits hurdle

By Rod Addy

A South African poultry merger has stalled after one of the parties challenged unclear terms imposed by the country’s Competition Commission. 

Electricity prices for manufacturing firms rose by 60% from 2003 to 2013

Australia’s high energy bills fuel concern

By Oscar Rousseau

More must be done to halt significantly rising energy costs that have become a burden for business, the Australian Meat Industry Council (AMIC) has said.

Zambeef recently opened eight retail outlets across Ghana, Nigeria and Zambia

Zambeef issues financial results warning

By Oscar Rousseau

Zambeef has warned that a fungal disease devastating its cropping division could have an “adverse impact” on its full-year trading figures.