Dear readers,
- The Hessian Ministry of the Environment in Germany has begun building a permanent protective fence against African swine fever (ASF) along the B 45 road. As the ministry announced, the fence will be around 50 km long and will be erected in addition to the existing fences within the exclusion zones.
- The Board of Directors of Danish Crown has appointed Anders Aakaer Jensen as the Group’s new Chief Financial Officer . In the selection process, the Board stressed the importance of finding a profile with extensive experience in turnaround companies. The deep transformation process of one of Europe’s leading pork producers continues.
- Denmark wants to combat tail biting in pigs . A new funding program of 20 million euros has been officially approved by the European Commission under EU state aid rules. The money is intended to support pig farmers in implementing appropriate preventive measures.
- Hill Meat Company has started a $18 million expansion at their Pendleton, Oregon U.S facility. this investment, the company aims to meet growing demand while continuing to produce their renowned bacon, ham, and sausages.
- According to Creditsafe, Beyond Meat had made late payments of 91 days or more that leapt from 9.7% of bills in October 2023 to 42.3% in November and 69.7% in December; and that the firm reported its ninth straight quarter of falling revenue. Beyond Meat is struggling to pay its bills also this year, with 36% of payments 91 days late or more so far in 2024
Events calendar:
- The Shanghai International Frozen and Chilled Food Exhibition, ‘China Food Ingredients and Condiments Expo and Shanghai International Catering and Ingredients Exhibition take place on 3 days from Wednesday, 28.08.2024 to Friday, 30.08.2024 in Shanghai.
- The Anuga Select India is a prestigious international trade fair and conference for the food and beverage industry. Exhibitors and visitors meet on 3 days from Wednesday, 28.08.2024 to Friday, 30.08.2024 in Mumbai.
- The „East Africa Food & Beverages Expo” is an international trade fair specializing in food and beverages, as well as their packaging and transportation. The Expo will take place on 3 days from Thursday, 29. August to Saturday, 31. August 2024 in Kampala, Uganda.
- In our region Farmer-Expo International Agricultural and Food Exhibition will take place at the Campus of the Agricultural Research Institute and Farm of the University of Debrecen. The event will take place between 29 and 31 of August, 2024. See you there!
- SIAL China has become a leading international food and beverage trade fair, held annually at the Shenzhen Convention & Exhibition Center. The event will take place on 3 days from Monday, 02. September to Wednesday, 04. September 2024.
Holiday
While the U.S. is increasing it’s pork business and Beyond Meat is constantly loosing money and markets, in Europe we see a reverse trend, pushed by ideology.
The European Commission has approved a comprehensive aid programme from the government of the Netherlands. Up to EUR 700 million can now be made available to compensate farmers who voluntarily close their livestock facilities in certain areas of the Netherlands by 1 October 2029.
Meanwhile the prices are showing some consolidation. The crops are not looking good in East and Central Europe, and local farmers are wondering to fill up their barns or not, but grain prices will be still fixed on the Paris and Chicago stock exchange and global grain production is not expected to decrease. With the new crops, ASF risk increases and new outbreaks could affect the pig business.
It is the last week of August, school is starting soon and farmers will have to return to their work. It’s the last opportunity to enjoy a summer holiday!
