Posts Tagged ‘Universal Beef Packers’

Changing export markets give confidence in industry’s future

February 18, 2018

The global market for New Zealand’s meat exports and exporters is undergoing quite a rapid change, judging by movements in the industry’s latest quota entitlements and market destinations. The differences between exporters and markets over a ten and five year period provide an interesting snapshot of the relative position of the meat companies and the impact of changing market dynamics. (more…)

Heavy market share losses affect Silver Fern Farms’ financial performance

January 26, 2017

In recent weeks there has been an exchange of views about PPCS’s acrimonious takeover of Richmond in 2003. Keith Cooper, ex CEO of the renamed Silver Fern Farms, emerged from anonymity in Middlemarch to castigate the appointment of Sam Robinson to the board of Silver Fern Farms as the Shanghai Maling representative. He was critical of Richmond’s rejection of the original approach by PPCS to buy the Freesia Investments shares from the Meat Board in the mid-1990s and Robinson’s role as Richmond’s chairman. (more…)

Quota allocations suggest change in balance of industry power

February 3, 2016

The release of the 2016 quota allocation which Alan Williams analysed in detail (Farmers Weekly 11th January) show some considerable shifts in tonnage entitlements between the major meat exporters. The quota is allocated as a percentage of the total allowable quota for shipment to the EU for sheepmeat and USA for beef during a calendar year; in the last two years New Zealand has only filled around 75% of the EU quota and 90% and 98% of the USA beef quota. (more…)

Silver Fern receives an offer it can’t refuse

September 30, 2015

No wonder the deal between Silver Fern farms and Shanghai Mailing took so long to conclude, but from all appearances it was worth waiting for. Not that you would necessarily think so, if you read about the disappointment of some shareholders and the MIE group about the board’s unwillingness to give serious consideration to an alternative farmer offer of $40 million or some of the business commentary. (more…)

Cooperatives and private companies work best in agriculture

September 14, 2015

Good company performance demands clarity of purpose which is defined and monitored by a board of directors elected or appointed by the shareholders. There are five main types of company ownership structure that are or have been represented in New Zealand’s agricultural sector and each has advantages and disadvantages. (more…)

A rare breed in the meat industry

March 4, 2015

AFFCO is establishing an encouraging trend among its management ranks with three women in senior roles as plant and technical managers. Ann Nuku and Rebecca Ogg are plant managers of AFFCO Manawatu and Horotiu respectively, while Emma Fitzgerald is the company’s Technical Manager. (more…)

North Island beef processing competition heats up

February 28, 2012

In spite of the slow start to theNorthIslandseason, currently 18% behind last year, forecasts suggest it will catch up, even exceed last season. But it is certain to come late with dairy farmers likely to keep milking as long as they can, unless we get an unseasonably cold early winter. What’s also certain is there will be plenty of processing capacity to handle it, especially when the Te Aroha rebuild is finished. (more…)