Posts Tagged ‘Alliance’

Blue Sky left searching for positives after Binxi offer lapses

April 13, 2017

Invercargill based meat processor Blue Sky Meats is trying to put a positive spin on its prospects after being advised by Chinese cattle and meat company subsidiary NZ Binxi Oamaru that its takeover offer would not proceed. The main reason for the decision was failure to receive OIO approval by the 20th March deadline, but Binxi also cited a material adverse change in this season’s performance. As a result Blue Sky has advised shareholders they will continue to own their shares, 96% having already accepted the offer. (more…)

Objective carcase measurement – essential or just nice to have

April 5, 2017

Objective carcase management (OCM) appears to be the holy grail for Meat and Livestock Australia judging by its plan to seek A$150 million from the Australian government to fund the installation of Dual Energy X-ray 3D carcase grading technology (DEXA) in up to 90 slaughterhouses, intended to roll out this year. The loan would be repaid from industry levies, although there are no firm details yet about how the costs would be shared. (more…)

Good trade news for red meat – let’s hope it happens quickly

March 30, 2017

The visit by Chinese Premier Li Kequiang has been very positive in several ways for New Zealand’s trade agreements, except for those people who are anti free trade or closer engagement with China (Winston Peters?). After the excitement about the announcement in April last year during the John Key led trade mission, progress on chilled red meat access to China and an upgraded FTA appeared to have gone onto the back burner, until now. (more…)

Red Meat Story about more than brand image

February 22, 2017

There has been a great deal of progress towards the development of the New Zealand Red Meat Story, but most of it has been happening under the radar. That is all about to change. B+LNZ is holding a workshop on 1st and 2nd March at which a wide group of industry participants – farmers, government, processors and exporters – will gather to start formulating the detail of the story, assisted by a strong line-up of guest speakers with international experience in brand development. (more…)

Silver Fern Farms comes crashing back to earth

January 19, 2017

Chairman Rob Hewett wasn’t joking early last year when he warned that the 2016 result would not be in line with budget. The actual result was a $30.6 million after tax loss compared with a profit of $24.5 in 2015, although a significant part of the latest year’s result was attributable to a $22.4 million non-cash accounting writedown related to the anticipated Shanghai Maling investment. Nevertheless, at a more comparable level the net pre-tax operating profit remained in negative territory, producing a $7.5 million loss against $30.8 million in the previous year. (more…)

Alliance result not so good on closer inspection

December 3, 2016

At first sight the Alliance profit of $10.1 million for 2016 appeared to be a small but definite improvement over the previous year’s result when no supplier distribution was made. In contrast the directors have decided to pay $9.8 million to their suppliers, although about a third of this will be retained to ensure suppliers share up to a shareholding consistent with their livestock supply volumes. Therefore the final post tax profit was a bare $100,000. (more…)

MIE tried hard, but couldn’t make a difference

November 8, 2016

MIE’s decision to disband after three years trying to persuade the red meat sector it was going to hell in a handcart has come as no surprise. But the organisation’s founders and directors are not unnaturally disappointed at their inability to gain support for their plan to solve the endemic problems of the industry. (more…)

Differences between Australian and NZ meat industries

October 27, 2016

Information obtained from Sydney based consultancy agInfo shows a very high degree of procurement competition for domestic market supply, especially for beef; this situation has been driven by a tightening of livestock supply combined with aggressive pursuit of retail market share by Woolworths. (more…)

It isn’t all the meat companies’ fault

October 26, 2016

I’m not a frustrated farmer who has to worry about the prospects for the new season or put up with receiving less money than expected for my stock, but for the sake of sanity and balance I believe it to be necessary to examine the factors affecting market returns. After a very relaxing holiday blessed by good food, wine and weather, I returned to find the north had been hit by almost incessant rain, meaning a late spring, and the meat industry beset by rumours of procurement wars combined with dire livestock predictions. (more…)

Address to MIRINZ workshop – How and why research is important for the future

March 19, 2016
  1. Themes

 

The three main themes for this workshop are:

 

  1. Added value products focusing on key points of differentiation in NZ meat products with a research emphasis on credible health and nutritional benefits.
  2. Value from quality – research outcomes that will enable the red meat sector to meet increasing demand for high value premium meat products in existing and new markets.
  • Provenance and food assurance – research from fork to farm to ensure that exports are safe, of superior quality with defendable provenance and attractive to consumers.

(more…)