2024 Agri-Market Outlook: Navigating Through Inflation and Policy Uncertainty
TL;DR: As we step into 2024, the agricultural sector braces for a year marked by continued inflationary pressures and the lingering effects of the cost of living crisis on consumer demand. The Agriculture and Horticulture Development Board’s (AHDB) latest agri-market outlook sheds light on the cumulative inflation exceeding 30% in agricultural inputs since 2019. This […]
Canada’s Strategic $89 Million Boost to Agricultural Processing Sector
TL;DR: In a landmark announcement from Ingleside, Ontario, on February 5th, Lawrence MacAulay, the esteemed Minister of Agriculture and Agri-Food for Canada, disclosed an ambitious plan to inject up to $89 million into the nation’s agricultural processing backbone. This initiative is a testament to Canada’s unwavering support for its supply management framework and the vital […]
New Zealand’s Red Meat Finds Favour in the US
TL;DR: New Zealand’s red meat industry is capturing the attention of American consumers, particularly with its sheepmeat and premium chilled beef. Beef + Lamb NZ (BLNZ), a key player in the trade policy arena, reports a promising uptick in interest from the United States, marking a boon for local farmers. The United States stands as […]
Cargill Expands Meat Processing Operations with Acquisition of Two Plants
TLDR: Cargill has bought two meat processing plants from Infinity Meat Solutions, a subsidiary of Ahold Delhaize USA. The goal is to meet the growing demand for affordable protein in the United States. The purchased plants are located in North Kingstown, R.I., and Camp Hill, Penn. The move is part of Cargill’s strategy to expand […]
Florida’s Stance on Agriculture and “Fake Meat”
TL;DR: Governor Ron DeSantis of Florida has expressed strong support for traditional agriculture methods, leading to legislative efforts aimed at prohibiting the production and sale of alternative meat products within the state. During a news conference focused on rural broadband access in Hardee County, DeSantis emphasised the importance of real meat to Florida’s diet and […]
Labour Challenges in Red Meat Processing Show Signs of Easing Amidst Production Growth
TL;DR: Recent developments suggest that the red meat processing industry is beginning to overcome some of the labour challenges experienced last year. Early 2024 saw a significant increase in slaughter numbers, with the first four weeks showing a 12% rise compared to the same period in 2023, as reported by the National Livestock Reporting Service. […]
2023 Red Meat Export Figures: Reflecting Global Economic Trends
TL;DR: The Meat Industry Association’s (MIA) recent analysis reveals a mixed picture for New Zealand’s red meat exports in 2023. While volumes saw an uptick, the overall value did not match the record highs of 2022 for both sheepmeat and beef. This scenario, as MIA Chief Executive Sirma Karapeeva notes, serves as a reliable indicator […]
China Enhances Market Access for New Zealand Red Meat
TL;DR: In a landmark development for the red meat industry, China has broadened its market access, allowing a significant increase in New Zealand meat exports. This move, described as the most substantial market opening in almost ten years, comes after the Ministry for Primary Industries announced that four meat plants have received approval for chilled […]
Cargill Report Unveils Shift Towards Convenience and Global Flavors in 2024 Protein Trends
TL;DR: In its latest exploration of consumer trends, Cargill’s 2024 “Protein Profile” report unveils a growing inclination towards convenience and a palette for fresh, multicultural flavours in the protein sector. This comprehensive analysis delves into the evolving consumer mindsets, desires, and behaviours shaping the protein market. A standout insight from the report is the “less […]
McDonald’s Chicken Sales Soar to Match Beef, Company Plans Expansion Amid Affordability Focus
TL;DR: McDonald’s Corp. has reached a significant milestone, with its chicken products now matching beef burgers in sales, each contributing $25 billion annually to the company’s revenue. This revelation came from CEO Chris Kempczinski during a discussion on the company’s fourth-quarter performance. Kempczinski also shared plans to boost McDonald’s presence in the chicken market by […]
