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Moy Park attracts interest from Chinese firms

Posted on June,27,2017 |

Poultry giant Moy Park may attract the interest of a large Chinese buyer after being put up for sale by its Brazilian owner JBS.  The Chinese group WH, which controls the American company Smithfield Foods, the world’s largest pork producer, has been tipped as a suitor for the business in the Brazilian media. Chinese investor […]

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Highland Meats receives £2.4m government grant

Posted on June,22,2017 |

Highland Meats, which has been owned by  Dawn Meats since 1986, has been awarded almost £2.4 million, which will be used to upgrade its slaughterhouse and meat processing plant. Highland Meats is one of 16 businesses to receive funding in the latest award round, with the total being handed out sitting at £5.8m. A number […]

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S. AFRICA: Meat Suppliers raided Over Price Fixing

Posted on June,15,2017 |

South Africa’s Competition Commission has raided the offices of seven local meat suppliers, as it looks into allegations of price fixing.   The regulator said it had conducted searches in 13 premises across three provinces, belonging to Karan Beef, Sparta Foods, Chalmar Beef, Beefmaster Kimberley, Morgan Beef, Beefcor, and Fabvleis Midland Meat. All the companies […]

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French farmers block roads in protest pork & milk prices

Posted on June,15,2017 |

French farmers block roads in protest at huge drop in milk and pork prices following Russian trade sanctions   Angry French farmers have besieged the town of Vannes in Brittany and blocked roads across western and northern France to protest against collapsing milk and pork prices. EU agriculture ministers, meeting in Brussels, came under pressure […]

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Canada beats U.S. in pork sales to China

Posted on June,15,2017 |

Canada has overtaken the United States as the top North American supplier of pork to China as farmers and meat packers in both nations battle for lucrative shares of the biggest global market. Canada’s pork sales to China, after a sharp rise last year, exceeded those of the United States in the first quarter of […]

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Meat giant to pay record £2.4bn corruption fine

Posted on June,01,2017 |

The controlling shareholder of the world’s largest meat-packing company, JBS, has agreed to pay a record 10.3bn real (£2.4bn) fine for its role in Brazil’s corruption scandals that threaten to topple Brazilian President Michel Temer. J&F Investimentos will pay under a leniency deal in two corruption investigations. The payments will start in December and J&F […]

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Dawn Meats announces plans to take over Dunbia

Posted on May,24,2017 |

Dawn Meats has agreed a strategic partnership with Dunbia to establish a majority-owned joint venture in the UK; which will comprise of the UK operations of both organisations.   In the Republic of Ireland, Dawn Meats will separately acquire Dunbia’s operations. The deal is subject to approval by the relevant competition authorities. If this deal receives the […]

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Dawn Meats has acquired Dunbia’s operations in Ireland

Posted on May,24,2017 |

It has been announced that Dawn Meats has acquired Dunbia’s operations in the Republic of Ireland.       It comes following an agreement between both companies to establish a majority owned joint venture in the United Kingdom comprising the UK operations of both organisations. The deal is subject to approval by the relevant competition […]

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Lamb carcass futures traded in South Africa

Posted on May,19,2017 |

Lamb carcass futures contracts can now be traded on the Johannesburg  Stock Exchange (JSE) commodity derivatives market. “The purpose of the contract is to allow farmers and abattoirs to protect themselves against the risk created through movements in the price of mutton,” the JSE said in a statement. To increase the liquidity of the contracts, […]

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New owner for Karro Food Group

Posted on May,03,2017 |

THE parent company of Malton bacon factory has sold the business after spending four years turning it from a loss making venture into a firm boasting sales of more than £550 million. Private equity group Endless has completed the sale of Malton-headquartered Karro Food Group to CapVest following approval of the deal from the Competition […]

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