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Egg Market Prices Unchanged So Far on Current Flu Outbreak in Poland
The H5N8 flu outbreak has not had any impact on industry shell egg prices thus far, but participants are monitoring the situation very closely, according to various sources.
Industry shell egg market prices are still under some downward pressure despite the spread of a highly pathogenic bird flu (HPAI) in Poland. Poland, the western region in particular, has become an increasing important supplier of industrial cage eggs for egg processors in Western Europe.
The World Organisation for Animal Health (OIE), the Dutch Association of Egg Traders and Egg Product Manufacturers (ANEVEI) and the Polish poultry organization (KIDPIP) said that seven outbreaks of highly pathogenic bird flu (HPAI) of the H5N8 serotype had been....
ARYZTA Releases Q1 Financial Results
Q1 2020 Performance Overview
Group organic revenue declined by (2.5)% during the quarter. ARYZTA Europe organic revenue declined by (0.9)%, reflecting our focus on profitable revenue. ARYZTA North America organic revenue declined by (6.1)%, as previously indicated. ARYZTA Rest of World had another strong performance with organic revenue growth of 7.5%.
Group reported revenue declined by (2.1)% to €843.9m, reflecting the impact from disposals of (1.6)% and a positive currency impact of 2.0%.
Q1 2020 Performance Summary
ARYZTA AG Chief Executive Officer, Kevin Toland, commented...
Kerry Group Reports Financial Results for the Third Quarter
Kerry, the global taste & nutrition and consumer foods group, issues the following Interim Management Statement for the nine months ended 30 September 2019.
Q3 YTD Key Highlights
• 3.1% growth in business volumes— Taste & Nutrition +3.9%— Consumer Foods -0.7% (excluding contract exit +0.6%)• Pricing -0.1%• Reported revenue +10.0%• Group trading margin +20bps— Taste & Nutrition +20bps...
Associated British Foods Reports Annual Financial Results
Associated British Foods has announced financial results for fiscal year 2019.
Statutory operating profit down 5% to £1,282m mainly as a result of an exceptional charge of £79m included in this year’s income statement. This year includes a greater loss on closure of businesses, and so statutory profit before tax was down 8% to £1,173m and basic earnings per share were down 13% to 111.1p.
George Weston, Chief Executive of Associated British Foods, said...
Kemin EMEA Relocates Production of Its Food Safety Production Lines
Kemin Industries, a global ingredient manufacturer that strives to sustainably transform the quality of life every day for 80 percent of the world with its products and services, has centralized the Europe, Middle East and Africa (EMEA) supply chain for BactoCEASE NV, its clean-label, vinegar-based food safety solution, by establishing production in Europe. This expansion provides a more sustainable supply of the product with reduced delivery time, increased production speed and more flexibility for customers ordering Kemin ingredients in the EMEA region.
“This strategic investment is intended to help ensure continuity and security of our food safety product lines, resulting in a shorter supply chain and faster delivery time for...
Brexit: EU Agri-Food Chain Representatives Welcome the Deal and Call for a Swift Ratification
Strong Performance of EU Agri-Food Exports Continues in August 2019
The value of the EU’s agri-food exports in August 2019 reached €12.07 billion, marking a rise of 5.6% compared to August 2018. As the value of imports decreased by 0.2% to €9.14 billion, the agri-food trade surplus for August stood at €2.93 billion, a 29% increase in the positive trade balance compared to last year’s figures. These are some of the main findings of the monthly trade report for August 2019, published today by the European Commission.
Comparing the monthly export values of August 2019 with August 2018, the highest increases were recorded for China (up €283 million), the USA (a rise of €192 million), and Japan (an increase of €69 million). However, significant falls were recorded in...
Industry Reacts to EPA's WOTUS Rule
Kroger Shares Fresh Food Trends for 2020
Rabobank Pork Quarterly Q1 2020: Opportunities Are Emerging from Risks
Tyson Foods Initiates Coalition to Advance the Future of Sustainable Protein
African Poultry Sector Remains Strong Opportunity for Investors
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