Out of a total of 12 Peruvian companies in the fishmeal and fish oil industry, only two recorded profits during 2013, while the other 10 accumulated a loss of PEN 242 million (US$87.4 million), the National Society of Fisheries (SNP) reported.
Since the beginning of 2014, wholesale prices of live pigs in Russia have increased by more than 40%, surpassing the industry record of RUB100 (US$2.80) per kilogramme.
Pactum Dairy Group (PDG), based in Shepparton, Victoria, Australia, has signed a strategic supply agreement with China's Bright Dairy, Food Magazine reports.
China is looking for new partners to expand its growing corn trade, partly driven by its continued rejections of US corn and the inability for the two countries to gain traction in trade hiccups, according to a grain analyst.