The world’s largest exporter of poultry meat – Brazil’s BRF – which has suffered a massive turnaround in fortunes is unlikely to recover its position for another two years. BRF’s chief executive officer Pedro Parente said that one of his current largest challenges was to “manage investors expectations”. Mr Parente, who was brought in from his former role as chief executive officer at state-run oil giant Petrobras to design and implement a turnaround plan following food safety and corruption scandals, said he hoped to reduce industrial costs by 30% over the next year. Speaking to Reuters, Mr Parente said:. Read more...
Anna Kudryakova, expert of the meat market of the Institute for Agricultural Market Studies, especially for Rossiyskaya Gazeta: - Now we have entered a very difficult period, an unstable situation has developed on the market. Prices of chickens in the wholesale grow, and it is difficult to explain this only by increasing of feed costs. Costs are rising for all meat producers, but prices of pork, for example, are falling. Chicken meat becomes more expensive due to a temporary deficit. Hot summer led to a general decrease in the number of chickens in farms and a decrease in poultry weight. In addition, the largest enterprises coincidentally slightly reduced production.. Read more...
PJSC Cherkizovo Group (MOEX: GCHE), the largest vertically integrated meat producer in Russia, today announces its unaudited consolidated IFRS results for the period ending September 30, 2018. Third quarter financial highlights Revenue increased by 10.7% year-on-year (y-o-y) to RUB 25.2 billion. Net change in fair value of biological assets amounted to negative RUB 1.4 billion in 3Q18, compared to negative RUB 1.0 billion in 3Q17. Revaluation of harvested crops in stock totalled RUB 0.8 billion from RUB 0.1 billion in 3Q17. Gross profit improved by 29.9% y-o-y to RUB 6.4 billion. Adjusted EBITDA* up by 65.4% y-o-y to RUB 6.0 billion. Adjusted EBITDA. Read more...
Ukraine's pork exports reached 1.54 thousand tonnes between January and October, which is 3 times less compared to the same period last year. Shipments also decreased in value in the mentioned period to $3.33 million, according to the Ukranian press agency Unian. On the other hand, data from the State Fiscal Service shows that Ukraine has imported 5.7 times more pork in volume and 1.4 times more in value, pork imports reaching 23.4 thousand tonnes worth $43.2 million. Meanwhile, the country's poultry meat exports increased by 18.7% to 271.33 thousand tons in volume and by 31.6% to $425.22 million in value in the first ten months of the year. Read more...
Russian Ministry of Agriculture does not expect changes in meat prices due to the resumption of meat imports from Brazil. "The resumption of meat supply from Brazil will not have a significant impact on the price level in the domestic market due to the insignificant volumes of imports from this country relative to the total market volume," said the officials. According to the Director General of the National Union of Pig Breeders Yuri Kovalev, Brazil will not be able to return the previous volumes of meat supplies. “The peak of the pork supply from Brazil was fixed in 2017, when it was imported about 250 thousand tons of meat. In 2018 supplies from this. Read more...
The Lithuanian State Food and Veterinary Service (SFVS) announced last week that Lithuania will shortly be able to export sheep and goats to Ukraine. Lithuanian authorities have come to an agreement with their Ukrainian counterparts on the veterinary requirements for the breeding of livestock destined for export. Lithuania's veterinary watchdog expects this new deal to benefit the country's sheep and goat producers. According to the data of the State Enterprise Agricultural Information and Rural Business Center (ŽŪIKVC), although there is just a slight increase in the number of sheep farms in Lithuania, the number of sheep is constantly growing. Currently,. Read more...
Meat production in Russia in January-September 2018 increased by 11.6% compared with the same period of the last year and amounted 1.9 million tons, according to Rosstat. The production of poultry meat and by-products during the reporting period increased by 0.7% and reached 3.6 million tons. According to statistics, the production of meat and meat-containing semi-finished products during the reporting period increased by 6.7%, to 2.4 million tons. At the same time, the production of sausage products in Russia in the first nine months of 2018 increased by only 0.8% and. Read more...
A goat farm with a processing complex for the production of milk, cheese and meat will appear in the Schelkovsky municipal district of Moscow region in 2020. This was reported on the website of the regional government at the end of October. “The implementation of the EcoFarming project will create 62 new jobs in the region, and the amount of tax and non-tax revenues to the regional budget over 10 years will be more than one billion rubles,” said Alexey Vyurkov, Acting Minister of Property Relations of the Moscow region. A milk-processing enterprise with the breeding of Zaanen breed goats will be located on an area of 1,100 hectares. After reaching. Read more...
Ukraine's pork exports reached 1.54 thousand tonnes between January and October, which is 3 times less compared to the same period last year. Shipments also decreased in value in the mentioned period to $3.33 million, according to the Ukranian press agency Unian. On the other hand, data from the State Fiscal Service shows that Ukraine has imported 5.7 times more pork in volume and 1.4 times more in value, pork imports reaching 23.4 thousand tonnes worth $43.2 million. Meanwhile, the country's poultry meat exports increased by 18.7% to 271.33 thousand tons in volume and by 31.6% to $425.22 million in value in the first ten months of the year. Read more...
Russia imposed financial sanctions on Ukraine's political elite on Thursday, freezing the Russian assets of hundreds of politicians and officials along with dozens of businesses owned by Ukrainian businessmen/ The sanctions were set out in a decree signed by Russian Prime Minister Dmitry Medvedev and were described as counter-sanctions drawn up in response to similar Ukrainian measures against Russian citizens and companies. The decree said 322 individuals and 68 businesses were targeted, including President Petro Poroshenko's son Olexiy, presidential contender Yulia Tymoshenko, the head of Ukraine's SBU security service Vasil Hrytsak, interior minister. Read more...
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