ABH «Miratorg», the largest vertically integrated agricultural holding in Russia, announces an agreement to acquire companies in Orel region from the “RAV Agro” holding company controlled by PPF Group. The main assets of the companies are land masses. «Miratorg» - is the number 1 pork and beef producer in Russia. Crop production is the most important link in the production chain of an agricultural holding: Miratorg feed mills produce natural feeds, from raw materials grown on their own fields, which is the basis of animals and poultry diet on the company's farms. Own feed production allows you to control the cost of the final. Read more...
From the beginning of 2018 to November 4, Russia exported 4.6 thousand tons of beef, which is almost one and a half times more than the year ago (3.1 thousand tons), the Ministry of Agriculture and the Federal Customs Service reported. The export of poultry meat amounted 114.3 thousand tons, which is 24.8% more than the year ago (91.6 thousand tons). Pork exports grew by 22.1% to 63.2 thousand tons against 51.8 thousand tons for the corresponding period of the previous year. At the same time, meat imports decreased significantly. Thus, the supply of pork fell by 76% to 62.1 thousand tons from 258.9 thousand tons a year ago, poultry meat - by 28%, to 61.3 thousand. Read more...
The Association of Southeast Asian Nations (ASEAN) gained a bigger share in the Chinese seafood market thanks to an increase in imports of pangasius and shrimps, with pangasius now turning into a key import item for the Chinese Foodservice industry. The ASEAN bloc replaced Russia as a top seafood supplier in the Chinese market, Southeast Asian nations accounting for 14.5% of China’s imports, with volume rising 31.3% to 453,700 MT, with a value of $ 1.116 billion (€ 978 million) – up 59.2%. Meanwhile, Russia accounted for 13.86% of China’s imports in the first half of the year, with 640,900 metric tons (MT) worth $ 1.11 billion (€ 973 million), down. Read more...
Agricultural producers from Dagestan presented their products at the First China International Exhibition of Imported Goods in Shanghai. The event gathered participants from more than 130 countries. In a pavilion organized by the Russian delegation, everyone could taste dishes from Dagestan lamb, the official website of the Ministry of Agriculture of the Russian Federation reports. It is important that the quality of Dagestan meat was noted by the Prime Minister of Russia Dmitry Medvedev at the last exhibition “Golden Autumn 2017” last year. The master class on cooking Dagestan lamb was held by the chef of the restaurant “Cristal. Read more...
Published in the journal PLoS One, the study conducted by the Oxford Martin School and the Nuffield Department of Population Health focused on optimal levels of taxation for red and processed meat in 149 world regions, to account for the cost burden on healthcare systems and spur changes in consumption patterns. In high income countries, it found, red meat would need to be 20% more expensive and processed meat, like bacon, sausages and jerky, would need to be more than double its current price to account for the health costs associated with their consumption. The World Health Organisation classifies beef, lamb and pork as carcinogenic when eaten in processed form,. Read more...
Starting next Tuesday, Russian watchdog Rosselkhoznadzor will temporarily ban transit of poultry meat produced in the United States to the Republic of Kazakhstan through the territory of the Russian Federation. reports ROSNG. The reason was the prevention of the relevant products of unknown origin or raw materials of an unidentified manufacturer entering the Russian market. The agency found hazardous substances in poultry meat from two US producers. These are Equity Group-Kentucky Division and Mountaire Farms, in whose products they found metabolites of nitrofurans and tetracycline, which can have a complex negative effect on the human body. Rosselkhoznadzor sent a. Read more...
The Ministry of Health of the Russian Federation approved the initiative of the expert council under the government of the Russian Federation to introduce a new tax on meat products, reports Izvestia. This will again affect consumers primarily: it was decided to tax products made from red meat. The proposal of the expert council can cost the Russians additional 30 percent to the price of the sausages. As the initiators explain, this increase in food prices should make Russians healthier, because the proposal was developed under the program "Strengthening public health", which is part of the national project "Demography". The Ministry of Health,. Read more...
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...
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