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World soy output to drop in 2011-12 on inflation uptrend |
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With prices poised for fresh highs, the United Nations food agency said that world output of key animal feed ingredient soy is set to tumble in 2011-12, showing the resilience of inflation trends fanned by three months of rising food costs. |
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FAO expected rising poultry production and trade |
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The FAO has reported that poultry meat production in 2012 is expected to increase by 1.8% from 2011 estimates to 103.5 million tonnes while poultry meat trade is to increase by 31% to 13 million tonnes. | |
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India's soymeal prices up 75% |
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Amid lower production and on the back of higher exports, India's soymeal prices increased 75% to INR32,000 (US$595) per tonne in the past 20 days affecting the poultry industry. |
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China's pork prices drop to one-year low |
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The pork prices in China slid 0.8% in the week to Sunday (May 6), prolonging a decline since the end of January to 14.7%, which is the lowest in nearly 12 months. |
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China requests DDGs buyers to report foreign buys |
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The commerce ministry of China is intensifying import reporting requirements to cover local distiller's dried grains (DDGs) buyers, as Beijing aims to monitor the soaring imports of its main agricultural products. | |
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BRF Brasil Foods post fall of 60% in Q1 net earnings |
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World's leading exporter of poultry and Brazil's principal dairy processor - BRF Brasil Foods posted a 60% drop in its net income to BRL153.2 million ($81.13 million) in Q1, attributed to a fall in export prices and higher feed costs. |
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Tyson Foods exceeds Q2 estimates |
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Tyson Foods' second quarter profits has exceed analyst estimates, although the beef segment are affected, due to lean finely textured beef (LFTB) concerns among consumers, the company reveals. |
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Saturday, May 12, 2012
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