Seaboard’s joint venture increases capacity with second shift at Iowa pork plant

USA - Seaboard Triumph Foods (STF), a joint venture between Seaboard Foods and Triumph Foods has announced that it plans to increase production with a full second shift at its pork processing facility in Sioux City, Iowa by mid-October. The second shift has been running since May but on a limited basis, with continued hiring…

China tariffs could cost US pork industry US$2.2b annually

USA - The National Pork Producers Council (NPPC) has said that following China’s 25% tariffs blow on US’s pork and related products, the pork industry could suffer losses worth US$2.2 billion annually, reported FoodBev. According to NPPC’s statement, the US pork production is at record levels and that if the tariffs were lifted, pork exports…

IFC invests US$12.5m in Ukraine meat producer

UKRAINE - IFC, a member of the World Bank Group, is investing up to US$12.5 million in Nyva Pereyaslavshchyny, a leading Ukrainian pork producer. According to the company, the investment will support its expansion and help create jobs, modernize Ukraine’s meat production sector, and boost sustainable agriculture. The company will also build a new pig…