Astral’s full year’s earnings to surge 85% as poultry demand weakens

SOUTH AFRICA - Astral Foods’ Earnings per Share (EPS) for the 12 months ending 30 September 2018 is expected to increase by at least 85% from the previous year as poultry sales volumes and selling prices came under pressure towards the end of the year due to a weakening consumer demand. Improvement in performance was…

Quantum Foods expects annual profits to triple on steady earnings from eggs

SOUTH AFRICA - South Africa’s poultry, eggs and animal feeds producer Quantum Foods expects headline earnings for the year to end 30 September to increase by at least 219%, boosted by steady earnings from the eggs category, reports Moneyweb. Headline earnings per share would increase to 156.3 cents per share compared with 49 cents per…

Cargill’s European poultry business expands into Poland with acquisition of Konspol

EUROPE – Cargill, an American privately held global corporation, has reached an agreement to acquire Konspol, one of Poland’s leading value-added food companies, providing an array of products in the chilled convenience, frozen and cold cut categories. According to the company, the acquisition marks the introduction of Cargill’s global protein business into the Polish market…

Excitement galore greets new products winners at the Awards ceremony

KENYA– There was excitement as the winners of the new products category were announced at the just concluded  Africa Food Industry Excellence Awards ceremony that took place on September 14, 2018 in Nairobi, Kenya. On an evening full of pomp and colour, Coca-Cola Beverages Africa, East African Breweries Ltd (EABL) and Bio Food Products showed their…

Greenyard reopens Hungarian facility after finding root cause of Listeria

BELGIUM – Greenyard, one of the largest suppliers of fruit and vegetables in the world, has announced the restart of production in its Hungarian facility, after it conducted an in-depth review and found the Listeria root cause. According to the company, Greenyard has found a persistent presence of Listeria monocytogenes in one of the freezing…

American bone broth brand Kettle & Fire announces US$8m in Series A investment

USA - Kettle & Fire, the country’s leading shelf-stable bone broth brand, today announced an US$8 million Series A investment led by CAVU Venture Partners. According to the company, CAVU Ventures co-founder and managing partner Clayton Christopher will join the company’s board. The funding will be used to fuel multi-channel growth and product innovation. Kettle…

Muafaka Butcheries to invest US$600,000 in a new abattoir targeting export market

TANZANIA - Muafaka Butcheries Limited, a proprietor company of modern butcheries in Tanzania is planning to invest about US$600,000 (over 1.3bn TZS) in modern slaughterhouses targeting the export market. IPP media reports the halal certified company has already secured a five-hectare plot in Pwani region where construction work of the abattoir will likely start before…

Health Minister declares listeriosis officially over, manufacturers to produce cold meat

SOUTH AFRICA - Health Minister Aaron Motsoaledi has announced that the country’s listeriosis outbreak, the worst ever in the world is officially over and that manufacturers across the country can now produce cold meat products. According to Business Day, the government has withdrawn advice against consuming ready-to-eat processed meat products and the Enterprise factory in…

Netherlands to support Tanzania’s fishing sector with a teaching model farm

TANZANIA - The Netherlands has pledged to support Tanzania’s fishing industry by establishing a model farm in Dar es Salaam where it will provide with teaching and training in the sector, Daily News has reported. According to the Netherlands Ambassador to Tanzania, Mr Jeroen Verheul, a model farm would be the driving force towards modern…

South Africa farmers fight Trump with higher import tariffs on US chicken

SOUTH AFRICA - South African farmers have called for higher tariffs on ‘cheap’ chicken imports from the United States, which are said to be becoming a threat to the poultry industry in the country, reports Fin24. SA poultry farmers said that the tariffs on the metal industry were a breach of the African Growth and…