Page 17 - Eat Processing News Today

New Zealands red meat sector has welcomed a free trade agreement (FTA) between New Zealand and the United Kingdom, saying it will deliver a major boost to Kiwi exports by eventually allowing tariff-free access for beef and lamb into the UK.

Indonesia is seeking alternative cattle suppliers due to high prices for Australian cattle, and Brazil, the worlds largest beef exporter, has promised to export live cattle at a lower cost, Financial Review reported.

Norway exported 81,498 tonnes of salmon in April 2023, valued at NOK 9.7 billion (~US$919 million; NOK 1 = US$0.095), up by NOK 1.7 billion (~US$161 million), or 21% year-on-year, Fish Information & Services reported.

A study funded by Irelands Department of Agriculture has found that gene selection can cut 30% of cattle emissions, Irish Farmers Journal reported.

China has approved the safety of a gene-edited soybean, its first for the crop technology, with higher levels of oleic acid, World-Grain reported.

The Philippines Department of Agriculture and other related agencies will reevaluate the countrys African swine fever (ASF) control and prevention measures as the disease continues to impact the industry across the country.

Under EU State aid rules, the European Commission has approved two Dutch programmes with a total budget of around €1.47 billion (US$1.61 billion) to reduce nitrogen deposition on nature conservation areas.

Smithfield Foods could shut down 37 sow farms in Missouri, the United States, this week in response to hog market conditions, according to KTVO-TV.

The Nasdaq Salmon Index fell to NOK 110.08 (~US$ 10.22; NOK 1 = US$0.093) per kg in the 17th week of 2023, a 10.23% decrease, or NOK 12.55 (~US$ 1.16) lower from the previous weeks price of NOK 119.24 (~US$ 11.07), SeafoodSource reported.

Barclays has told beef sector clients they must prevent deforestation in their South American supply chains, in a policy document seen by Reuters that toughens the banks stance but stops short of campaigners demands.