The EU keeps topping themselves with idiocy https://newsroom.co.nz/2024/04/02/mo...f-with-the-eu/
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The EU keeps topping themselves with idiocy https://newsroom.co.nz/2024/04/02/mo...f-with-the-eu/
Not particularly SFF related, but general market for meat alternatives.....
https://www.stuff.co.nz/business/350...-shutting-down
It's great to see these plant based 'meats' fail. Nothing more damaging to the body than ultra processed rubbish.
These vegans and vegetarians do like their oxymorons.
Interesting too that they need to give their products meat names in order for them to be palatable and market them as such. There is no such thing in my book as a plant based or vegetarian sausage.
Another interesting FW article.
https://www.farmersweekly.co.nz/opin...or-pipe-dream/
Thanks for posting the link.
There appears to be a significant support at 95c, so hopefully this is our low this cycle :mellow:
Annual Report - https://prod-trade.usx.co.nz/api/fil...672eb5e3f2.pdf
Robotics at Finegand
https://www.farmersweekly.co.nz/tech...obo-meatworks/
Alliance now raising more capital from their farmer shareholders - basically making more deductions from livestock payments to increase share capital, and increasing their share requirements. They were carrying over $170m of debt at the end of their last FY, which is at the low point of the season/activity and want to use Lender funding for seasonal working capital needs only.
The Board believes the proposed changes will:
- Restore balance sheet strength
- Meet lender requirements
- Continue our drive to be New Zealand’s most efficient red meat processor
- Enable the co-operative to pursue additional value capture opportunities
- Ensure Alliance remains 100 per cent farmer-owned
Tough for farmers to have to pony up for more investment when many will be making a cash loss for the year and prices/markets are poor.
Will be a problem as some farmers may choose to send their stock elsewhere - I understand Alliance's schedules are trailing behind others so if farmers go elsewhere, makes plants more inefficient, become more uncompetitive etc.
Will be an interesting watch......