Non-repeating costs have hit New Zealand’s largest poultry producer Tegal Group as it announced its financial results for the 52 weeks ended 29 April 2018.
Sales success across JBS’ American business units has boosted its overall net revenue up by 5.8% from R$37.6m to R$39.7m in its Q1 results to 31 March 2018.
Growing volume sales across its Brazilian, Turkish and Chinese units has helped BRF increase its net revenue by 5.7% to R$8.2 billion in its first quarter results.
Polish meat processor Tarczyński has reported improved financial results for last year, with revenues of PLN732.8 million (€172m), an increase of 13% compared with 2016.
Finnish processor HKScan’s first-quarter performance has been labelled as “not acceptable” by its CEO, as the company reported a drop in group net sales.
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).
