Lower feed costs boost Astral Food’s earnings

SOUTH AFRICA - Astral Foods has raised its final dividend by a hefty 775% to R8.75, after the poultry producer nearly doubled its full-year headline profit. Lower input costs benefited the company tremendously in the year to end-September, as the effect of the drought in the summer rainfall areas abated. Maize and soya are primary…

Tyson Foods to build Tennessee chicken production complex

USA - Tyson Foods has accepted the invitation of city, county and state leaders to build a new chicken production complex in the City of Humboldt, which is part of Gibson County in western Tennessee. The US$300 million project is expected to create more than 1,500 local jobs once the new complex begins operations in…

Afgri invests in Mozambican poultry business

SOUTH AFRICA - Agricultural investment company Afgri is re-entering the poultry business through its subsidiary Philafrica Foods in a 50-50 joint venture in northern Mozambique. The recently launched Philafrica has earmarked up to R1.5bn for investment in agriculture and food processing in several African countries over the next 18 to 24 months. Its joint-venture partner…

2 Sisters Group boss grilled over poultry factory safety breaches

UK - The multimillionaire boss of 2 Sisters Food Group has apologised to a parliamentary committee following the safety branches revealed by an undercover investigation. The chicken company's chief executive Ranjit Singh Boparan appeared before the Environment, Food and Rural Affairs Select Committee on Wednesday and, asked if he accepted the allegations, replied that he…

Quantum Foods expects significant results improvement

SOUTH AFRICA - Quantum Foods shares surged as much as 18% on Thursday, after issuing a trading update stating they expect a much improved financial performance. The chicken feed and egg producer expects headline earnings per share in the year to September to rise by up to 85%, benefiting from lower input costs. The trading…

No decision yet on bird flu vaccination – Minister

SOUTH AFRICA - Agriculture Minister Senzeni Zokwana said state veterinarians were still assessing whether South Africa's chickens should be vaccinated amid the country's worst ever bird flu outbreak. Zokwana was answering questions in the National Council of Provinces on Tuesday. Over four million chickens have been culled this year following an outbreak of highly pathogenic…

ADM invests in German facility to produce non-GMO soybean meals

GERMANY - Archer Daniels Midland Co. as announced its plans to making further investments to produce more high protein soymeal free of genetically modified organisms (GMOs) at its Straubing crushing plant in Germany. “The decision to invest in the production of non-GMO high-protein soybean meal is a logical step after the successful implementation of non-GMO…

SA poultry producers to import hatching eggs from Europe

SOUTH AFRICA – Poultry producers have planned to import hatching eggs from Europe, after the outbreak of the highly pathogenic H5N8 avian influenza virus commonly known as bird flu, resulted to shortages in the country. The H5N8 avian influenza virus had been detected in several countries, with South Africa worst hit triggering shortages in both…

Poultry firm boss to give evidence to inquiry on food safety at plant

UK - The multimillionaire boss of the UK’s largest supplier of supermarket chicken is to be summoned before a parliamentary inquiry after undercover filming revealed poor hygiene standards and altered food safety records. Ranjit Singh Boparan, who founded 2 Sisters Food Group, has been called to give evidence after an investigation by the Guardian and…

Producers to boost biosecurity measures after bird flu outbreak

SOUTH AFRICA - SA poultry farmers are scrambling to boost biosecurity measures to curb the spread of the virus, as government considers rolling out a vaccination programme. Speaking to Fin24 by phone on Tuesday, Greg Celliers, a veterinarian for the commercial egg divisions of the Kuipers Group, said farmers are at the mercy of nature…