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POULTRY NEWS ON FASTMOVING

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There's no truth to importers' threats about 'expensive' chicken

There's no truth to importers' threats about 'expensive' chicken

05/06/2019 - 08:58
Don't rely on the chicken importers for the facts. In a massive public relations exercise to turn opinion against higher import tariffs, they have relied on assertion, misdirection, misinformation, and bluster. Facts are few and far between. read more
SA poultry industry wants hefty increase in tariffs to protect local industry

SA poultry industry wants hefty increase in tariffs to protect local industry

17/01/2019 - 13:20
The South African poultry industry has defended its application for a hike in import tariffs of frozen chicken portions to 82%, saying the cheap chicken imports mainly from Brazil hurt the competitiveness of local producers. read more
Meat and poultry consumption on the rise in Africa

Meat and poultry consumption on the rise in Africa

17/07/2018 - 14:54
The meat and poultry market in West Africa grew to 6.5M tonnes in 2016. In value terms, it stood at $16.1B, which was at the level of the previous year. Market size upturned from 2007 to 2014, with mild fluctuations, followed by an abrupt decline in 2015 and stabilisation in 2016. read more
Astral rewards shareholders generously

Astral rewards shareholders generously

14/05/2018 - 13:33
Poultry producer Astral Foods rewarded its shareholders handsomely, as the cycle in the industry turned in its favour, boosting its earnings markedly in the six months to end-March. read more
Chicken sales continue to rise as world demand grows

Chicken sales continue to rise as world demand grows

19/03/2018 - 14:02
Demand for chicken meat is showing no signs of declining, as poultry overtakes red meat consumption in markets around the world – including the United States and South Africa. read more
Astral pushes for VAT free chicken

Astral pushes for VAT free chicken

16/03/2018 - 09:40
Chicken should be exempt from value added tax (VAT), poultry producer Astral said in a media release. read more
RCL stock leaps on earnings update

RCL stock leaps on earnings update

15/02/2018 - 10:42
RCL Foods, the consumer brands conglomerate that owns poultry producer Rainbow Chickens, delivered a nourishing trading update. read more
Astral Foods sets sights on further growth

Astral Foods sets sights on further growth

09/02/2018 - 08:52
Astral Foods, the "big bird" of the JSE’s poultry sector, assured shareholders at Thursday’s annual meeting that management would not be resting on its laurels after a hugely profitable 2017 financial year. read more
Poultry body backs march over 'unsafe' poultry imports

Poultry body backs march over 'unsafe' poultry imports

05/02/2018 - 13:34
A single bag of frozen chicken can consist of pieces from as many as five different countries, which is not only confusing for consumers but can have serious health implications. read more
Sovereign Foods abattoir back in operation after listeriosis scare

Sovereign Foods abattoir back in operation after listeriosis scare

09/01/2018 - 09:52
Sovereign Foods’ poultry abattoir in Hartbeespoort is back in operation following its closure on December 22 by the government to control the spread of Listeria.  read more
Lower feed costs boost Astral’s earnings

Lower feed costs boost Astral’s earnings

20/11/2017 - 14:36
Astral Foods has raised its final dividend by a hefty 775% to R8.75, after the poultry producer nearly doubled its full-year headline profit. read more
Astral Foods share rises after trading statement predicts doubled earnings

Astral Foods share rises after trading statement predicts doubled earnings

16/10/2017 - 13:10
Poultry producer Astral Foods expects to report doubled earnings thanks to higher prices and no further bird flu outbreaks. read more
Sovereign contains outbreak of bird flu

Sovereign contains outbreak of bird flu

09/10/2017 - 10:10
An avian influenza outbreak at a Sovereign Foods facility had been contained to the layer house where it was initially identified, the poultry producer told shareholders on Friday. read more
Astral sharpens its focus on poultry operations

Astral sharpens its focus on poultry operations

04/10/2017 - 10:26
Southern African integrated poultry producer Astral Foods is ridding itself of a noncore asset in an effort to sharpen its focus on its poultry business. read more
Investors agree to sell 54.37% of Sovereign Foods’ shares to Capitalworks

Investors agree to sell 54.37% of Sovereign Foods’ shares to Capitalworks

27/09/2017 - 12:02
Investors holding 54.37% of poultry group Sovereign Food Investments’ shares have voted in favour of the general offer by Capitalworks Private Equity to buy them at R12 each, Sovereign said on Tuesday. read more
Revised business plan pays off at RCL

Revised business plan pays off at RCL

30/08/2017 - 13:32
RCL Foods, which owns several leading brands, is expecting a pluckier performance from its struggling poultry business. read more
US Agoa poultry exporters struggle with SA’s empowerment provisos

US Agoa poultry exporters struggle with SA’s empowerment provisos

30/08/2017 - 10:37
US poultry producers nearly reached their full 65,000 ton quota of exports to SA under the Africa Growth and Opportunity Act (Agoa) in the year to end-March. read more
Bird flu outbreak threatens local poultry industry

Bird flu outbreak threatens local poultry industry

30/06/2017 - 09:38
With reported cases of Avian Influenza within South Africa’s borders, the local commercial poultry industry is at high risk of the outbreak turning into a pandemic with major financial and operational implications. This is according to Gareth Lloyd-Jones, Chief Commercial Officer of one of South Africa’s leading hygiene and sanitation service providers for the food, pharmaceutical and healthcare industries, the Ecowize Group. read more
Global factors lift SA's poultry producers

Global factors lift SA's poultry producers

29/03/2017 - 15:14
Avian flu in Europe and tainted-meat scandal in Brazil help reverse local poultry producers' fortunes read more
Poultry association seeks import protection to save industry

Poultry association seeks import protection to save industry

03/03/2017 - 08:29
The poultry industry could create up to 50,000 direct and indirect jobs, including grain jobs if SA did not import chickens. read more
Dumping of chicken hit group’s performance, says RCL Foods CEO

Dumping of chicken hit group’s performance, says RCL Foods CEO

24/02/2017 - 12:28
The company had to impair R142m of plant and equipment related to the decision to reduce commodity chicken volumes.  read more
SA must shut down dumped chicken imports to prevent industry collapse

SA must shut down dumped chicken imports to prevent industry collapse

26/01/2017 - 09:35
Local poultry producers are efficient and world-class but cannot compete in an unfair environment, write Agmat Brinkhuis, Scott Pitman and Katishi Masemola read more
Low poultry duty on EU ‘will decimate jobs in SA’

Low poultry duty on EU ‘will decimate jobs in SA’

11/01/2017 - 11:08
Poultry stakeholders demand a tariff of up to 40%, saying the new 13.9% safeguard duty is ‘hopelessly inadequate’ read more
Good news and bad for local poultry industry

Good news and bad for local poultry industry

28/11/2016 - 09:16
The good news for the poultry industry is that the worst of the drought is over. The not-so-good news is that the full benefits may take another six months to materialise.  read more
Country Bird finally swoops on Sovereign with firm buyout offer

Country Bird finally swoops on Sovereign with firm buyout offer

07/07/2016 - 13:07
AFTER months of speculation, unlisted poultry group Country Bird Holdings (CBH) has finally swooped on Eastern Cape-based rival Sovereign Food Investments, with firm intention for a premium-priced buyout offer. read more
Poultry imports destructive - Astral

Poultry imports destructive - Astral

17/05/2016 - 08:58
Johannesburg - Poultry producer Astral warned that cheap imports coming into the country threatened to destroy South Africa’s poultry industry. read more
Astral Foods’ profits slide as drought bites

Astral Foods’ profits slide as drought bites

16/05/2016 - 14:43
Astral Foods on Monday (16 May) reported a slide in its first-half profit as the effect of the recent drought in the country took hold. read more
American meat goes on sale in SA - USA

American meat goes on sale in SA - USA

03/03/2016 - 09:17
Washington - South Africa is allowing sales of American chicken, pork, and beef products throughout the country, meeting benchmarks for resolving a 15-year trade dispute with the United States, Washington's top trade official said on Wednesday (2 March). read more
Sovereign shareholders continue to show overwhelming support for bee transaction and share buy-back

Sovereign shareholders continue to show overwhelming support for bee transaction and share buy-back

12/02/2016 - 15:02
Poultry producer Sovereign Foods today announced overwhelming shareholder support to continue with its BEE transaction and to return capital to shareholders simultaneously by means of a revised proposal to shareholders.  read more
Country Bird’s expansion in Africa hampered by debt

Country Bird’s expansion in Africa hampered by debt

02/09/2014 - 12:38
Country Bird’s debt burden is weighing on the poultry producer’s expansion in other African countries, the group said in its annual results published on Monday. read more
Remove taxes on inputs to save poultry industry

Remove taxes on inputs to save poultry industry

19/08/2014 - 11:38
Some poultry farmers in the Ashanti region are lamenting the high cost of inputs, which they say is negatively affecting their businesses. They complain the problem has been worsened over the last few months by the continuous depreciation of the cedi. read more
 Chicken producers get wings

Chicken producers get wings

30/07/2014 - 10:53
Poultry stocks are riding the crest of a wave as the maize price continues to drop and as the market waits for the anti-dumping duties imposed on EU chicken imports to kick in formally, according to analysts.  read more
Imports still a problem for Sovereign

Imports still a problem for Sovereign

21/05/2014 - 11:14
Poultry imports, as well as input and administered costs, weighed on Sovereign Food Investments full-year results, the company said last week Friday. read more
CFI Holdings, Victoria Foods sets sights on long-term capital, Zimbabwe

CFI Holdings, Victoria Foods sets sights on long-term capital, Zimbabwe

12/07/2013 - 10:08
The injection of long-term capital into Victoria Foods and the debt restructuring initiative is projected to induce positive performance for diversified CFI Holdings Limited. read more
Poultry price may almost double

Poultry price may almost double

11/07/2013 - 10:25
Johannesburg - A complaint was lodged on Wednesday with the Competition Commission against the SA Poultry Association and local frozen chicken producers. read more
Zambeef share price in marginal drop

Zambeef share price in marginal drop

10/07/2013 - 08:55
Zambeef Products Plc share price on the Lusaka Stock Exchange (LuSE) has declined by two percent over the last few weeks following reports of alleged importation of contaminated beef, Stock Broker Zambia Limited (SBZL) has said. read more
Watchdog to make poultry-duty call

Watchdog to make poultry-duty call

13/06/2013 - 09:44
Johannesburg - South Africa’s International Trade Administration Commission said it plans a further probe into the poultry association’s request to raise tariffs on chicken imports to as much as 82 percent before making a recommendation. read more
Country Bird CEO resigns

Country Bird CEO resigns

03/06/2013 - 08:46
Johannesburg - Jeff Wright has resigned as Country Bird Holdings [JSE:CBH] after five years at the helm‚ the poultry producer said on Friday. read more
Rainbow Chicken buys stake in Zam Chick

Rainbow Chicken buys stake in Zam Chick

05/02/2013 - 08:00
Johannesburg - Shares of Rainbow Chicken [JSE:RBW] fell more than 6% after the company said it would pay $14.25m in cash for Zambian Zambeef's 49% stake in Zam Chick. read more
Rainbow rights offer to raise R3.9bn

Rainbow rights offer to raise R3.9bn

07/12/2012 - 08:10
Johannesburg‚ Dec 6 (I-Net Bridge) - Rainbow Chicken (RBW) is to raise R3.9 billion of new equity by way of a renounceable rights offer‚ it said on Thursday.  read more
Higher feed costs to drive up meat prices

Higher feed costs to drive up meat prices

14/11/2012 - 08:50
London - A surge in the cost of feed grain after the worst US drought in more than half a century has stripped many livestock farmers of profit and set off a chain of events that threatens to drive up world meat prices in 2013. read more
 Global demand for local grain to put consumers under stress

Global demand for local grain to put consumers under stress

29/08/2012 - 08:41
South Africa’s animal feed industry, poultry producers and consumers face greater strain as the international demand for local grain products looks set to diminish the domestic maize surplus.  read more
WTO: Brazil challenges SA poultry moves

WTO: Brazil challenges SA poultry moves

25/06/2012 - 08:13
Geneva - Brazil has taken the first legal step at the World Trade Organisation to challenge South Africa's use of anti-dumping measures on shipments of Brazilian poultry meat, the global trade body said in a statement on Friday. read more
Astral sells bakery stake for R96m

Astral sells bakery stake for R96m

01/06/2012 - 08:42
Poultry producer Astral Foods said yesterday it had sold its 50% stake in its bakery business for R96m to Fedoha Proprietary.  read more
Astral Foods expectant of decline in earnings, 16-19%

Astral Foods expectant of decline in earnings, 16-19%

04/05/2012 - 09:17
Astral Foods advised on Friday that a reasonable degree of certainty exists that its earnings and headline earnings per share for the six months ended March 2012 would both reflect a decrease of between 16% and 19% compared to the previous comparable period. read more
Rainbow profits increase

Rainbow profits increase

15/02/2012 - 08:45
Rainbow Chicken (RBW) advised on Tuesday that it expects its Earnings Per Share and Headline Earnings Per Share for the 6 month period ended 31 December 2011 to be between 21% and 26% higher than that of the 6 month period ended 30 September 2010.  read more
Keeping cheap Brazilian chicks in line with duties

Keeping cheap Brazilian chicks in line with duties

14/02/2012 - 09:47
The South African government is slapping additional duties of 6%-63% on Brazilian exporters of chicken into the Southern African Customs Union market — but insists this will not push up prices. read more
Penalties hit Pioneer’s performance

Penalties hit Pioneer’s performance

29/11/2011 - 08:11
Food group still required to pay fine of R200m for price-fixing, extraordinarily competitive landscape caused by competition settlement  read more
Astral Foods reports profit

Astral Foods reports profit

18/11/2011 - 08:14
Johannesburg - Integrated poultry producer Astral Foods [JSE:ARL] on Monday reported a 19% rise in diluted headline earnings per share from 959c to 1 145c for the year ended September 30 2011. read more
Local poultry producers blame minister

Local poultry producers blame minister

08/11/2011 - 08:05
Astral CEO says the continued export of maize is harming the local chicken industry and making food more expensive for South Africans read more
World's biggest poultry exporter shows commitment to SA trade partnership

World's biggest poultry exporter shows commitment to SA trade partnership

20/07/2011 - 09:39
Johannesburg, Tuesday, 19 July 2011. Today, the Brazilian Poultry Association (UBABEF), in partnership with the Brazilian Trade and Investment Promotion Agency (ApexBrasil) addressed members of the South African food and retail sector, at a seminar entitled “Brazil: A World Leader in Poultry Production.” read more
 Rainbow Chicken earnings up

Rainbow Chicken earnings up

24/05/2011 - 07:28
Poultry producer Rainbow Chicken on Monday reported diluted headline earnings per share (HEPS) of 126.3 cents for the six months ending in March from 119.7 cents a year ago. read more