Shares in New Zealand’s largest poultry producer, Tegel Group, have fallen after profits dropped due to lower exports to Australia, rising costs and an earthquake.
The world’s largest poultry exporter, Brasil Foods, has reported earnings that beat analysts’ estimates because of cost cuts, higher prices and rising exports.
Ukrainian Agro-Industrial Group MHP, currently the largest producer of poultry in Ukraine, intends to increase the share of poultry for exports to 8-10% out of the total output in 2011, compared to 5% in 2010, the head of Investment...
For the first quarter of 2012, Brasil Foods has reported a strong decrease in net income of 60%. The Brazilian poultry and pork processor attributes this to lower exports to Asian markets, as well as to increased feed costs.
Brasil Foods, the world's largest poultry exporter, reported a 99% drop in quarterly profit, much of it due to rising feed costs and a weaker Brazilian real, Reuters reports.