US poultry group Sanderson Farms has indicated its first-quarter margins remained under continued pressure from high feed costs despite rising poultry market prices. The company said today (21 January) that net sales for the three months ...
Tags: Sanderson Farms, irst-quarter margins, high feed costs
Last year was packed with surprises for the food and drink manufacturing sector, according to business guru Paul Wilkinson. Paul Wilkinson reviewed a year of food and drink manufacturing surprises Here we capture the highlights of his ...
Volatility in global commodity markets remained a significant factor for the food industry during 2012. On the one hand, adverse weather conditions hit grain harvests causing prices to spike, while on the other, over-supply has meant cocoa ...
US poultry giant Sanderson Farms has reported an annual profit thanks to higher poultry prices and increased production. The return to profitability reflected higher production In the 12 months to the end of of October, earnings ...
Tags: annual profit, higher poultry prices, increased production, production
US poultry giant Sanderson Farms said today (28 August) it had cut production to offset the spike in feed costs it expects after this summer's severe drought in the country. Chairman and CEO Joe Sanderson Jr said the company had reduced ...
Tags: Sanderson Farms, feed costs, poultry giant, grain prices
Russia meat producer Cherkizovo has booked an increase in nine-months earnings but warned of a "risk of pressure on pork prices" going into the fourth quarter. In the nine months to the end of September, net income grew 51% to US$158.7m, ...
Tags: pork prices, meat producer, meat processing
Brasil Foods has booked a 75% drop in third-quarter profits as higher feed costs more than offset sales gains in the period. The Brazilian meat company said net income fell to BRL91m (US$44m) in the three months, down from BRL365m in the ...
Tags: Foods, meat company, grain prices, feed costs, profit
Agribusiness giant Bunge has booked a jump in third-quarter income, which more than doubled as sales benefited from rising grain prices. The company said net earnings in the three months to the end of September rose to US$289m, up from ...
Tags: Agribusiness, grain prices, grain, grain trader
South African poultry group Astral Foods has booked a 23% drop in full-year earnings on higher grain prices and greater competition from European and South American poultry importers. Net income fell to ZAR392m (US$38m) in the year to end ...
Tags: Astral Foods, drop, earnings, corn costs
Brazilian food group Brasil Foods has said it will look to increase prices to offset the recent spike in commodity costs. The company yesterday (14 August) reported a slump in half-year profits that was partly thanks to a spike in grain ...
Tags: Brasil Foods, Foods, food group, food prices
Swiss food company Nestlé has reported an 8.9% increase in profit to CHF 5.1bn ($5.2bn) for the first half of 2012, compared to CHF4.7bn ($4.8bn) in 2011, helped by higher pricing and strong demand from emerging markets. Sales ...
Russia meat producer Cherkizovo has booked an increase in nine-months earnings but warned of a"risk of pressure on pork prices"going into the fourth quarter. In the nine months to the end of September,net income grew 51%to US$158.7m,while ...
Tags: earnings, meat producer, pork, prices
Grain prices held mostly steady Monday night and Tuesday morning with limited news to drive prices off their strong close from Monday's session. USDA reported a slightly lower than expected winter wheat crop condition on Monday ...
Tags: winter wheat, grain prices, USDA
BlackRock Inc. (BLK), the world’s biggest money manager, said producers of seeds and farming equipment make a better investment than agricultural commodities as new technologies boosting production may lead to lower food prices. World ...
Tags: market view, farming equipment