World meat industry news

Fitch Affirms Miratorg at 'B'; Withdraws Ratings

  • 24 Aug 10:38

Fitch Affirms Miratorg at 'B'; Withdraws Ratings Fitch Ratings has affirmed Russia-based Agribusiness Holding Miratorg LLC's Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at 'B'. The Outlook is Stable. Fitch has simultaneously withdrawn all ratings for commercial reasons. The ratings reflect Miratorg's currently heightened leverage levels due to ongoing, largely debt-funded, capex expansion projects and high amount of guarantees provided for related parties' liabilities. This is balanced by the group's large scale, its strong market positions in Russia and a high degree of vertical integration across the value chain, which results in strong EBITDA margins. The. Read more...

Perfect storm hits Kazakhstan egg industry

  • 24 Aug 10:36

Perfect storm hits Kazakhstan egg industry The Kazakhstan egg industry is in troubled waters due to state aid ending, feed shortages, and the fall out of the Covid pandemic on its export markets. During the first six months of 2020, Kazakhstan produced 2.6 billion eggs, which is 5.6% less than last year, and the worst is still to come. By the end of 2020, the country’s egg industry could collapse, the Kazakh Egg Producers Association warned. The production could fall further from 4.5 billion in 2019 to 2 or 3 billion eggs in 2020, as small and medium-sized egg farms would be forced to cease operation, said Maxim Bozhko, chairman of the Egg Producers Association. Most countries in the Eurasia Economy. Read more...

People should not fear spread of COVID-19 in food, packaging: WHO

  • 21 Aug 10:47

People should not fear spread of COVID-19 in food, packaging: WHO The World Health Organization said on Thursday it saw no evidence of coronavirus being spread by food or packaging and urged people not to be afraid of the virus entering the food chain.Two cities in China said they had found traces of the coronavirus in imported frozen chicken wings from Brazil and on outer packaging of frozen Ecuadorian shrimp, raising fears that contaminated food shipments might cause a new outbreak. “People should not fear food, or food packaging or processing or delivery of food,” WHO head of emergencies programme Mike Ryan told a briefing in Geneva. “There is no evidence that food or the food chain is participating in transmission. Read more...

Stavropol region to export mutton to Armenia and Kazakhstan

  • 21 Aug 10:45

Stavropol region to export mutton to Armenia and Kazakhstan During the working trip the Minister of Agriculture of the Territory Vladimir Sitnikov and the head of the Rosselkhoznadzor Directorate Viktor Fetisov held a meeting with representatives of the slaughterhouses of the Levokumsky and Neftekumsky regions. The main issues were the sale of mutton and the search for new export channels. Stavropol region produces 13 thousand tons of the product. The volume of supplies abroad is one thousand tons. This is done by 11 slaughter points. The meat is sent to Iran, Saudi Arabia, the UAE and the countries of the customs union. The Ministry of Agriculture noted that the capacity of the domestic market does not allow selling products. Read more...

For the first half 2020, Russia increased export of agricultural products by nearly 20%

  • 20 Aug 11:17

For the first half 2020, Russia increased export of agricultural products by nearly 20% For the first 6 months of 2020, the exports of Russian agricultural products exceeded 13 bln USD, up 18% compared to the same period year ago, declared the Deputy Minister of the Russian Federation, Viktoriya Abramchenko on August 20. “Vegetable oils and grains were the main drivers of agricultural export. Moreover, shipments of sugar and meat products grew significantly”, - she said. Grain was the key export commodity with the share of 27% in the overall structure of agricultural export. Russia exported 17.6 mln tonnes of grain over the reporting period, up 25%. “Record oilseeds production in 2019 allowed to increase the export of fat-and-oil products. Read more...

Novosibirsk agricultural enterprises exported more than 500 tons of poultry and pork

  • 20 Aug 11:13

Novosibirsk agricultural enterprises exported more than 500 tons of poultry and pork Since the beginning of 2020, inspectors of the Rosselkhoznadzor Office for the Novosibirsk Region have issued export consignments for pork and poultry meat with a total volume of 516 tons. The parties went to China and Mongolia. Thus, for the first time since 2017, the “Asian” direction has been resumed for Novosibirsk poultry factories and meat processing enterprises included in the Register of Exporters. According to the Rosselkhoznadzor, this was facilitated by the active purposeful work of the Service with exporting enterprises and the regular updating of information about participants in foreign economic activity. Currently, the Register of. Read more...

Import quotas for beef can be replaced with a duty

  • 19 Aug 11:10

Import quotas for beef can be replaced with a duty The issue of replacing the tariff quota for beef imports to Russia with a flat duty will be re-examined at a meeting of the subcommittee on customs-tariff and non-tariff regulation, protective measures in foreign trade, and the executive committee on economic development and integration, the Ministry of Agriculture told Interfax. A source in the financial and economic block of the government told Interfax that the meeting at which the issue was discussed took place on 20 July. Agencies are currently requesting information from industry unions in order to prepare an informed decision. Meanwhile, it was reported that there is no consensus in the meat. Read more...

Cherkizovo is granted UN supplier status

  • 19 Aug 11:08

Cherkizovo is granted UN supplier status At the end of July 2020 Cherkizovo Group was granted the status of a supplier to the United Nations (UN), the company informed. The company completed registration on the UN's Global Market official procurement portal and can now supply products for UN programs, including the World Food Programme. PJSC Cherkizovo Group (tax number: 7718560636) is an agricultural producer developing an integrated production business from feed-stuffs to ready meat products. The group comprises integrated poultry farms, pork production facilities, meat processing plants, feed mills and elevators. Cherkizovo's beneficiaries are Igor Babaev and his family. IFRS net profit of. Read more...

Russia on track to have one of its largest-ever grain harvests

  • 18 Aug 11:16

Russia on track to have one of its largest-ever grain harvests Grain production in Russia is expected to reach an all-time high this year, according to the US Department of Agriculture (USDA), with wheat production reaching 78 million tons. The USDA has raised its July forecast by 1.5 million tons (excluding Crimea), saying that Russian wheat exports are also expected to rise by another 1.5 million tons this year, to 37.5 million. At the same time, the USDA’s forecast for global wheat production in the 20/21 season has been reduced by almost 3.5 million tons. Meanwhile, Russian analysts expect the country’s wheat harvest to grow by at least three million tons. According to Igor Pavensky, general director. Read more...

Rosselkhoznadzor banned the import of poultry products from Australia

  • 18 Aug 11:10

Rosselkhoznadzor banned the import of poultry products from Australia Since August 12, the Rosselkhoznadzor has introduced a ban on the import of poultry products from Australia due to the spread of bird flu in the country. "In connection with the deterioration of the epizootic situation in Australia for infection with highly pathogenic avian influenza viruses, temporary restrictions are imposed on the import of the following products to the Russian Federation from Australia," said a statement published on the agency's website. Import of live poultry and hatching eggs, poultry meat and all types of poultry products that have not undergone heat treatment, except for goods that have undergone processing that ensures. Read more...