France has obtained final approval for exporting pork to Australia, adding a new potential trade outlet for a sector that has faced fluctuating demand from top importer China.
Private equity firm Roark Capital agreed on Thursday to buy Subway, in a deal that people familiar with the matter said values the U.S. sandwich chain at up to $9.55 billion.
Meat producer and exporter Danish Crown on Wednesday said on Wednesday it plans to boost its earnings by 1.5 billion crowns annually ($220 million) within two years, part of the company’s ongoing restructuring.
Chinese pork processing giant WH Group Ltd expects hog prices in China to rise 10-20% in the second half of 2023 from the first six months, supported by stronger demand and smaller supply glut.
Plaintiffs in the antitrust class action lawsuit, Brown et al v. JBS USA Food Company et al, petitioned the court to dismiss their case against Triumph Foods.
China’s July soybean imports jumped by almost one-quarter from a year ago. Chinese hog farmers delayed the slaughter of pigs due to low pork prices, which in turn increased demand for animal feed.
Vietnam will export two million vaccine doses against African swine fever to the Philippines by October, one week after it approved domestic use of the world’s first commercial vaccines against the disease.
NPPC supports the Ending Agricultural Trade Suppression Act, but Clemens Food Group is not supportive, and Hormel, Smithfield and Tyson have said they intend to comply with California’s Prop 12 law.
An outbreak of the African swine fever has forced pig breeders in Serbia, Bosnia and Croatia to cull thousands of pigs since June and is putting pressure on governments to compensate farmers for their losses.
Vietnam has approved the domestic commercial use of two home-grown vaccines against African swine fever (ASF), the government said on Monday, making them the world’s first commercial vaccines against the deadly disease.
