Anzco Foods' profit falls by half
Anzco Foods, New Zealand's third-largest meat company, said profit halved in 2014, a year in which it bought out shareholder Itoham Foods' half stake in the nation's only large-scale cattle....
Anzco Foods, New Zealand's third-largest meat company, said profit halved in 2014, a year in which it bought out shareholder Itoham Foods' half stake in the nation's only large-scale cattle....
The theory that AFL Collingwood pair Lachie Keeffe and Josh Thomas could have eaten beef contaminated by clenbuterol has been rejected.
Rationalisation of the New Zealand meat industry could take place through collaboration in processing and freight, rather than through mergers and acquisitions, says Silver Fern Farms chairman Rob Hewett.
The industry body that helped fund a major study to reform the red meat sector has damned with faint praise the result, saying it overstates problems in the industry
A report into New Zealand's meat industry has come out heavily in favour of a single co-operative business model similar to Fonterra's to deal with decades-old issues of overcapacity and too much....
The New Zealand dollar's record-breaking run against the long-suffering euro has hit the local venison market hard because of its high exposure to Europe, but strong deer velvet prices have provided....
Resolution of industrial action at ports along the West Coast of the United States has come as a relief to New Zealand meat producers who have been shut off from a lucrative market.
A decline in demand from China and the Middle East, combined with dry conditions in parts of NZ, has depressed lamb prices which is likely to rekindle talk of meat industry reform.
Falling dairy prices have begun to undermine one of the foundations of the economic upswing, rising national income from the most favourable terms of trade.
Global dairy markets have plummeted but New Zealand beef prices have continued to hit record highs, while sheepmeat prices have stayed firm, Rabobank says.
The Dunedin-based meat company expects pretax earnings of $5m to $7m in the year ended Sept. 30 following losses the previous two years.
Landcorp's decision to take full control of New Zealand's largest red meat genetics business is an example of the state-owned enterprise's push to diversify its operations.
Two-way trade with China has doubled every five years since the early 1990s but the historic growth rates may not continue.
While dairy product prices are falling, the same cannot be said for mutton and beef prices.
A meat worker who took a hook through his head from behind was dragged with the chain, as his workmate rushed to stop the machine.
Religious leaders in the UK want all halal and kosher meat labelled with slaughter methods. With a large chunk of NZ lamb sold there, are our exports at risk?
Sheep and beef farm profits are expected to jump 35 per cent over 2013-14 from last year's drought-affected season.
Silver Fern Farms, the country's biggest meat processor, said it had hired PricewaterhouseCoopers (PwC) to undertake a review of the company after it suffered a $28.6 million loss for the September year.
Having the capability to build end-to-end meat processing and packaging systems is helping Milmeq win major deals on the world stage, says chief executive Mike Lightfoot.
Another mistake with food exports has jeopardised jobs and triggered calls for an overhaul of meat inspection methods.
The sharp drop in the value of the New Zealand dollar and a swift end to last summer's drought has significantly improved the outlook for farmers, says Rabobank.
Behind-the-scenes moves are under way to restructure the New Zealand meat industry.
The Auditor-General is to investigate a flagship Government project which involves millions in subsidies being paid to some of New Zealand's biggest primary sector businesses.
An agreement has been reached in Beijing to ensure New Zealand meat exports to China can resume on a normal basis.