Finance

Eurodon has been focused to explore other proteins, with Russia locked in a fight against bird flu

Russia’s Eurodon to invest $350m in lamb production

By Eugene Vorotnikov

Eurodon, one of Russia’s largest turkey producers, is planning to diversify its business by investing up to RUB20 billion (US$338 million) in building lamb production units within the country.

The European Parliament has cleared regulation to ban routine preemptive antibiotic use on farm animals

Investors increase pressure to cut antibiotics use

By Oscar Rousseau

A $2bn coalition of investment firms have issued an antibiotics report as leading financial institutions grow increasingly concerned that overuse of livestock drugs could hit profits.

Agricultural analyst Eugene Gerden wants Russia to 'increase export potential'

Miratorg considers doubling pork production capability

By Vladislav Vorotnikov

Russian agricultural holding Miratorg is considering a new project to produce 4m head of pigs per year with a total investment of RUB115 billion (US$1.8bn), according to a recent statement by the company’s vice-president of finance Vadim Kotenko.

There are already well-established Danish pig farmers in Russia

Danish pigmeat sector invited to invest in Russia

By Poorna Rodrigo

Russia’s trade attaché in Denmark is inviting Danish pig farmers and pigmeat corporations to invest in Russia, saying its “ban on food import from the west has now created unique possibilities”.

Workers from supplier Shanghai Husi were filmed picking meat off the floor and using out-of-date beef and chicken

McDonald’s Japan revises finances following food safety scandal

By Oli Haenlein

McDonald’s Holdings Japan has revised its financial forecasts to take into account a damaging incident earlier this year, in which workers from supplier Shanghai Husi were filmed picking meat off the floor and using out-of-date beef and chicken.