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…

Six German states ordered to recall 73,000 eggs over contamination scandals

GERMANY – The Agriculture Ministry of Lower Saxony has ordered the recall of 73,000 eggs from six German states as they were due to be sold in the market while found to be contaminated with fipronil. Fipronil is used to treat lice and ticks in chickens and some tests show that it can harm kidneys,…

Arla Foods Ingredients launches new egg calculator for use in bakery solutions

UK – Arla Foods Ingredients, a subsidiary of Arla Foods, has launched a new calculator to help bakery companies determine how much they could save by using egg replacers in their cake recipes. According to the company, egg prices are going through an extended period of volatility and the global production industries have impacted on…

Quantum Foods bounces back to profit with US$162.81m in revenue

SOUTH AFRICA - The diversified poultry and feeds business has declared US$162.81 million in revenue with a 4.6% increase of US$400,038.40 in Other African operations offset by a decrease in South African operations. For the six months ended 31 March 2018, headline earnings per share (“HEPS”) increased to 82.5 cents from the 12.4 cents per…

US farm recalls 207 million eggs in the US amidst Salmonella scare

USA - A US farm, Rose Acre Farms has recalled 207 million eggs supplied in the US after it was reported that more than 20 consumers became ill from suspected salmonella poisoning, reports Fin24. According to the US Food and Drug Administration, the eggs from the facility in North Carolina could have been contaminated with…

Cargill invests US$20m to expand egg processing facility

USA - Cargill has invested US$20 million to expand its Big Lake, Minnesota egg processing facility in a bid to meet increasing customer and consumer demand for a greater variety of cooked egg products. The Big Lake expansion includes capabilities to pasteurize, mix and cook a number of additional egg products for foodservice and protein…

Kroner Starke launches new clean label egg replacer, REGG-EX

GERMANY - Kroner Starke, a German global company that produces high functional natural products in organic and conventional quality, has unveiled a new clean label replacer, REGG-EX amidst egg supply chain pressures on the food industry in the European market. REGG-EX offers food processors with technical and natural product that allows them to simplify bakery…