Operational review: South African Poultry (Supreme)
|
|
- Hilary Horatio Cooper
- 6 years ago
- Views:
Transcription
1 16 Country Bird Holdings Integrated Annual Report 2012 Operational review: South African Poultry (Supreme) Jack Searle Supreme Poultry MD
2 Country Bird Holdings Integrated Annual Report Vision The people s choice in chicken The vision has a strong marketing emphasis and implicates a demand for its products by its customer base. It inspires a strong ownership of its brands. Mission Supreme endeavours to provide affordable quality chicken products to consumers throughout southern Africa. The mission will be achieved by: hhbeing the lowest cost producer; hhbeing a fully integrated poultry operation; and hhfostering the right strategic alliances. Strategic memberships hhsouth African Poultry Supreme Poultry (Supreme) is CBH s poultry operation, and the third-largest poultry producer in South Africa. It provides a broad range of fresh and frozen products to the retail, wholesale and quick service restaurant (QSR) sectors in South Africa and a number of African countries. Supreme also has its own network of retail outlets. Nationally, Supreme employs approximately people in its breeder farms, hatcheries, abattoirs, cold storage facilities and retail outlets. The company s operations are based mainly in the Free State and North West provinces. Supreme sources broilers from farmers within these regions. The company s abattoirs are located in Bloemfontein, Klerksdorp and Mafikeng; and the hatcheries are located in Bloemfontein and Mafikeng. Supreme produces a variety of chicken products under various brands including the Supreme, Ama Chick Chick, AgriChicks and Garden Gate ranges. In addition, house brands are supplied to Shoprite and Pick n Pay. KFC is Supreme s largest customer in the QSR sector. With a steady hold on approximately 12% of the local poultry market share, Supreme increased its production to 1,5 million birds per week. The company has the potential to increase its production capacity to 1,8 million should demand rise. Poultry industry overview The South African poultry industry has been under severe pressure over the past year. Imported products and commodity prices have been largely responsible. The competition from imported poultry products has grown substantially and is now sitting at its highest level. The numbers reflect the harsh environment imports grew by 39% from the previous year, while the local industry grew by only 1%. The increases in commodity prices also had an adverse effect on costs during Maize prices increased
3 18 Country Bird Holdings Integrated Annual Report 2012 South African Poultry (Supreme) continued by 11% in the latter part of the year while there were no increases in the selling prices of chicken products. The increase in the cost of raw materials did not reflect on sales prices in the industry. Sales prices rose by 1% from 2011 and market demand slowed. Strategic overview The relationship with KFC has continued to grow Supreme won its Supplier of the Year award for A key highlight was the Mafikeng abattoir gaining accreditation to produce poultry for KFC. Supreme now has the ability to produce for KFC from both its Tigane and Mafikeng facilities. The current strategy of opening retail outlets has proven to be profitable. The sales through this channel have grown to 5% over the past year. The outlets serve as a small distribution centre as well as a retail outlet and operate under the Ama Chick Chick brand. The Maputo Distribution Centre also received YUM! Star accreditation for KFC products. Poultry imports into South Africa continue to be a threat to the local industry having grown 39% in comparison to local growth of only 1%. The company is working in partnership with the South African Poultry (SAPA) to ensure local beneficiation continues. Supreme will be engaging with local, provincial and national government over the next few months to plot the way forward. During the second half of 2012 we purchased the distribution company Renidroc. Renidroc is the largest frozen foods distributor in central South Africa. By acquiring our own in-house distributor we will be saving on costs in the form of margins paid to third-party distributors and we will be able to generate additional revenue through the existing distribution channels in the Free State, Northern Cape, North West and Gauteng. Renidroc owns distribution centres in the Free State and in the Northern Cape, making it the ideal distributor to retail customers in these areas. Supreme performance Key areas in Supreme s Agri department showed recovery from the national infectious bronchitis (IB) challenge in Supreme is supplied entirely by contract growers and this heralded positive results with improvements in key performance areas such as live mass and feed conversion rate. The high levels of imported product flooding the market placed further strain on margins and prices. Sales to export markets decreased with the closing of the Zimbabwean border to South African poultry products. Exports to Namibia remained strong and further expansion into other African markets is planned. During the year, staff at the Botshabelo abattoir in the Free State went on industrial strike action. This strike was not unexpected given the current labour environment within South Africa. After a prolonged strike of nine weeks the parties reached an amicable settlement. Despite all efforts to avoid disruption of product supply to customers and to minimise any inconvenience that they may have suffered, the total cost of the strike action was R23,6 million. Financial performance Despite the challenges presented by increased imports and higher commodities prices, South African poultry volumes increased by 1%. The Botshabelo strike, coupled with the sharp increase in feed prices, further reduced Supreme s margins. Revenue for the period was R1 861 million, an 11,2% increase from the previous year of R1 674 million. Operating profit was down 60% from 2011 to R57 million in 2012 due to the strike and compounded by lower realisation in the market and high raw material costs. The average realisation for the year was R12,06 per kilogram, compared to R11,36 per kilogram in Cost savings were due to tight controls on capex and working capital. Operating profit margin reduced to 3% from the 8,5% achieved in Outlook 2013 In 2013 Supreme will focus on expanding into the target markets identified: hhfoodservice hhexports hhama Chick Chick outlets hhvalue-added products In the short term, however, we expect Supreme s operating margins to remain under pressure. We expect to see further growth in our QSR market by adding product lines and equipping our Mafikeng abattoir with the production lines required to further expand our presence in the Foodservice market. Supreme will also be launching our value-added product range in 2013, together with our new company logo and branding. We look forward to 2013 and continuing our drive to become The people s choice in chicken.
4 Country Bird Holdings Integrated Annual Report Operational review: Animal Nutrition (Nutri Feeds) Gert van Heerden Nutri Feeds MD
5 20 Country Bird Holdings Integrated Annual Report 2012 Animal Nutrition (Nutri Feeds) continued Vision To be the leading manufacturer of affordable animal feed solutions for the enduring benefit of our customers. Mission To manufacture, distribute and support superior animal feed to enable our customers to be the lowest-cost producers of animal protein. We strive to be the leading feed manufacturer in South Africa, and a global role-player in the animal feed industry. Effectively, to be the preferred supplier of animal feed through reliability, flexibility and responsiveness to customers needs. Strategy Mutual success through precision formulation and superior technological customer support. Strategic memberships hhagri Laboratory of South Africa hh of Animal Feed Manufacturers hhbotswana Exporters and Manufacturers hhbotswana Poultry hhsouth African Council for Natural and Scientific Professionals hhsouth African Poultry hhsouth African Society for Animal Scientists Nutri Feeds is one of the first animal feed manufacturers in the world to achieve both ISO 9001 and ISO certification from two independent certification bodies QMI and DQS. Overview This division comprises feed mills at Viljoenskroon (with a monthly capacity of tons), Bloemfontein (with a capacity of tpm) and Mafikeng (a capacity of tpm). Nutri Feeds produces a complete range of animal feed products for broiler, beef, dairy, sheep, swine and animal licks. These products are distributed through 280 outlets in South Africa and exported to Botswana, Lesotho and Namibia. The company also provides high-level expertise in animal nutrition to the industry. It is the first animal feed producer in South Africa to achieve OHSAS certification. Nutri Feeds reported an improvement of 3% in volumes sold for the period under review. This was enhanced by a 27% increase in selling prices, giving a net 31% increase in revenue. Operating profit for the year under review was R60,6 million, compared to R48,9 million in 2011 and R27,2 million in Disciplined cost control and improved capacity usage were insufficient to offset the increase in raw material prices, with the result that margins declined by 0,3% for the year. Nutri Feeds continues to enjoy strong volume growth to key customer groups, particularly non-broiler producers. This is the result of a conscious effort to diversify the customer base: several new customers were signed up during the year, and several more are in the pipeline. Total feed production in South Africa is estimated at slightly less than 10 million tons per annum, growing at less than 5% a year. Nutri Feeds is well positioned, both geographically and in terms of product quality and range, to continue to expand its share of this market. Of significance is the further improvement in the growing feed conversion ratio (FCR) from 1,68 for outside clients at the end of the previous year to 1,66 at the end of this year.
6 Country Bird Holdings Integrated Annual Report The group procurement policy of hedging against rising maize price increases and buying at spot in times of falling prices contributed to the financial performance. The average price paid for maize during the year was under R2 100 a ton, which is below the Safex market average for the year, demonstrating the efficiency of the procurement policies in place. Other highlights for the year include the ongoing improvement in quality standards which, among others, resulted in a further improvement of two basis points in FCR during the year for Nutri Feeds broiler feed customers as a group and aboveaverage client service levels, energy management and the reduction of non-manufacturing costs. The Pragma Management system resulted in a promising reduction in downtime and noticeable increased productivity with substantially higher efficiency levels. The benefits derived from the implementation of the Pennent Model Mill resulted in effective benchmarking with international role-players. As mentioned earlier, the Safex price of maize has doubled in the last two years. While we have been able to mitigate this cost increase to some extent through our hedging programme, the extent of the price rises over the last year meant we were forced to absorb some of the increases, resulting in lower margins compared to Maize prices were driven up as a result of hot, dry weather conditions in key US producing states, and the local export drive though the outlook going forward is for a record 354 million tons from US, higher than the previous record set in 2009/10. The US is the principal price-setter in the global market, and South African prices tend to follow. Another factor influencing Safex prices is the rand/us dollar exchange rate, which weakened in the first half of 2012, causing the local maize prices to rise above R2 600 a ton, before retreating to around R The volatility of these price moves hinders our ability to set stable prices, but is unfortunately a recurring feature of life given the turbulence affecting world commodity markets. The strategy for the coming year is to continue to develop new market opportunities, diversify the customer base (particularly in the non-broiler market), further optimise plant performance and achieve ongoing savings in non-manufacturing costs. Strong focus is placed on: hhthe maximisation of customer satisfaction through the provision of world-class products and services; hhoverall planning and management thereof; hhthe integration of the existing MIS system throughout the division; hhthe continuation of the existing direct procurement of maize from source; hhcost savings through management of more effective capacity and time utilisation; hhfurther reduction in overtime; hhtransport savings through better planning and vehicle capacity utilisation; and hhenergy savings. Prospects Volatility in the financial markets with the concomitant drought in the USA had a depressing effect on commodity pricing in the year under review. The increased energy cost and the shortage of quality coal products, together with excessive imports of chicken, present a challenge to the poultry industry in South Africa not often previously experienced. The recent worldwide reduction of poultry products, together with the reduction of imports during August of this year, presents an opportunity for the local producer to combat the situation by managing its input costs more efficiently. Nutri Feeds will continue to maximise customer satisfaction through the provision of world-class products and services. Management of non-manufacturing costs will thus, more than ever before, receive close attention. Our primary objective will thus be to provide a sound platform for meaningful profit growth on an annual basis. Focus areas for the coming year are: hhworld-class management and technical expertise; hhapplied information systems; and hheffective raw material procurement and risk management.
7 22 Country Bird Holdings Integrated Annual Report 2012 Operational review: Africa and Beef Colin Lindsay Zambia MD Mike Mallet Botswana MD
8 Country Bird Holdings Integrated Annual Report Africa operates mainly in Zambia and Botswana where it has interests in poultry breeding operations using Ross genetics. Animal Nutrition Other Africa consists of two animal feed mills, one in Gaborone and the other in Lusaka. The beef business is located in Klerksdorp and consists of a beef trading enterprise. Strategic memberships Botswana hh of Animal Feed Manufacturers hhbotswana Poultry Zambia hhmillers of Zambia hhpoultry of Zambia hhzambian Federation of Employers hhzambian National Farmers Union Beef hhred Meat Abattoir Zambia This division comprises a grandparent/parent breeding operation and stock feed mill in Zambia. Ross Zambia is a wholly owned subsidiary of CBH, employing more than 800 people and has a 40% broiler day-old chick market share in Zambia. Zambia supplies parent stock to customers in Botswana, the DRC, Malawi, Mozambique, Angola and Zimbabwe. The parent division of breeders supplies broiler day-old chicks per week was another exceptional year regarding the sale of broiler day-old chicks in the Zambian operation. Market demand for broiler day-old chicks was 20% higher than the previous year, which had also been an exceptional year. Strategically, additional capacity needs to be implemented to ensure that our customers and national demands are catered for and in order to retain market share and protect local investment. Parent sales in the region have remained firm with Mozambique, Zimbabwe and Malawi indicating expansion plans for their operations in the coming year. Should these materialise, expansion of the grandparent facilities will be required. The feed mill currently produces tons of stock feeds per month and supplies 20% of the local market as well as exporting to Zimbabwe and the DRC. A 20% increase in sales volumes was realised at the feed mill, which maximised the present capacity. These volumes were achieved by streamlining the product ranges and focusing on poultry feed to enable consistent supply. Export sales increased substantially over the previous year (150% increase from tons to tons). Expansion plans are in place to increase the mill capacity by 40% with the installation of automated bagging, bulk bin storage for raw and finished products, a dedicated hammer mill and an automated maize intake system. All materials are on site and in the final stages of installation. Commissioning was completed during June Low margins were realised in the feed division due to high raw material costs, particularly soya cake (largely imported) and brans. Bumper soya crops are expected locally which should stabilise, if not reduce, stock feed prices going forward. Increased in-house soya cake production will also assist in improving margins. The Zambian economy, in particular the poultry and feed markets, remains buoyant, with positive prospects for market growth in 2012 to 2013, provided capacities are increased to satisfy these demands. Botswana Ross Botswana consists of a parent breeding operation, broiler farm and abattoir and a stock feed operation in Botswana. Ross Botswana is now
9 24 Country Bird Holdings Integrated Annual Report 2012 Africa and Beef continued the leading supplier of day-old chicks to the Botswana market. The Botswana poultry market was affected by the increase in competition of processed chicken, higher input costs and a general oversupply for a period which was fuelled by a concurrent oversupply of beef into the local market when exports by the Botswana Meat Commission were temporarily suspended. In spite of these challenging market conditions, volumes of processed chicken sold increased by 6% out of the Francistown operation and dayold chick (DOC) sales from the two hatcheries increased by 14%. The processed chick price increased by 6% and the DOC price by 11% year-on-year. The increased volume throughput was able to absorb the increased cost of production resulting in commendable earnings growth in the abattoir. The hatcheries and breeder farms also experienced a sharp rise in input costs which resulted in earnings remaining constant. The outlook for 2013 remains cautious with the focus on commodity price movements which directly impact production costs and poultry viability. The industry will have to work hard on improving efficiencies, reducing production costs and servicing the market effectively. Management is fully aware of these challenges and will continue to improve processes and seek the most optimum marketing channels. Nutri Feeds Botswana experienced a volume drop in the year of 8% resulting from rationalising product lines, increased competitor activity and a reduction in exports. Commodity prices soared in the year resulting in a 34% cost increase offset by a 27% increase in revenue per ton. Critical plant and machinery was replaced in the year and the mill management changed. This upgrade and change translated into improved efficiencies, service delivery and quality of the finished product. The mill achieved commendable results in spite of these challenges and the outlook for 2013 is very encouraging. Beef This division comprises an abattoir in Klerksdorp and a trading operation. This business continued to face industry-wide challenges, including scarcity of supply. The abattoir was closed during the second half of the year and currently carcasses are bought and deboned based on demand and pricing. Fixed costs in this business were significantly reduced.
Supreme Poultry is CBH s poultry operation, and the third largest poultry producer in South Africa. Operational review: Poultry South Africa (Supreme)
Operational review: Poultry South Africa (Supreme) Jack Searle Supreme Poultry MD Supreme Poultry is CBH s poultry operation, and the third largest poultry producer in South Africa. Vision The people s
More informationInvestor presentation. May 2006
Investor presentation May 2006 Agenda About Rainbow Industry perspective Market conditions 2006 highlights Financial review Strategic update Further Processed products launch Prospects Questions and answers
More information1 Page. Poultry meat industry stats 2013 INDUSTRY OVERVIEW
Poultry meat industry stats 2013 INDUSTRY OVERVIEW Looking back over the past 10 years, a picture is painted of changes in prosperity and confidence in the broiler industry. The first two years showed
More informationTHE ANIMAL FEED TO POULTRY VALUE CHAIN IN ZAMBIA
THE ANIMAL FEED TO POULTRY VALUE CHAIN IN ZAMBIA By Paul Samboko, Olipa Zulu-Mbata and Antony Chapoto Presented at the UNU-WIDER and the National Treasury Conference on Growth and development policy new
More informationIn this week s issue:
23 rd May, 2016 Vol.3. No.21 In this week s issue: Zim Targets to import 700,000MT of maize by September Local maize prices edge slightly higher SA imports US beef after more than a decade Exchange Rates
More informationA Quantum Leap in Animal Protein
QUANTUM FOODS [ BUSINESS FOCUS_QUANTUM FOODS ] A Quantum Leap in Animal Protein The animal protein industry is a heavily populated one, but few provide as comprehensive an offering as Quantum Foods. P14
More informationZimbabwe. Grain and Feed Annual
THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. GOVERNMENT POLICY Voluntary - Public Date: 7/11/2011 GAIN Report Number:
More informationResults presentation. for the six months ended 31 March 2017
Results presentation for the six months ended 31 March 2017 AGENDA Business Overview: H Lourens Financial Overview: A Muller Operational Overview: H Lourens Outlook and management focus: H Lourens 2 BUSINESS
More informationBOTSWANA. AVERAGE WEEKLY BROILER PRODUCTION (Slaughtering) AVERAGE
E-mail:stats@sapoultry.co.za COUNTRY: BOTSWANA INDUSTRY: YEAR: 2015 Quarter NETT DAY OLD CHICK PLACEMENTS PER WEEK (add imports and subtract exports) WEEKLY PRODUCTION (Slaughtering) WEEKLY BFEEDER END
More informationPan-African Conference. 11 & 12 August 2014
Pan-African Conference 11 & 12 August 2014 Agenda Overview Our operations Our involvement in Africa Overview What is Food Security? When all people, at all times, have Physical, Social and Economic access
More informationLivestock and Meat Industry. Proposal for Stabilisation of Consumer Prices. January 2018
Livestock & Meat Advisory Council Exhibition Park, Samora Machel Ave West, P O Box BE 209, Belvedere, Harare Phone: 756 600, 772 915, 777 391 Email: admin@lit.co.zw Livestock and Meat Industry Proposal
More informationMonthly Livestock Market Update: January
Livestock & Meat Advisory Council Exhibition Park, Samora Machel Ave West, P O Box BE 209, Belvedere, Harare Phone: 756 600, 772 915, 777 391 Fax: 774 800 Email: admin@lit.co.zw Monthly Livestock Market
More informationSouth Africa - Republic of. Grain and Feed Update. Quarterly Update
THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. GOVERNMENT POLICY Required Report - public distribution Date: GAIN Report
More informationUNLOCKING AGRICULTURE S POTENTIAL
UNLOCKING AGRICULTURE S POTENTIAL AFGRI is a leading agricultural services and processing company with a core focus on grain commodities. We are a company involved in the entire grain production and storage
More informationCompany Profile. ZIMBABWE S BEST value BEEF
PROUDLY ZIMBABWEAN Company Profile ZIMBABWE S BEST value BEEF TABLE OF CONTENTS Vision 03 Mission Statement 03 Background to Sabie Meats 03 Surrey Group 04 Social Responsibility 05 Location of Business
More informationABOUT MEATCO: As from 2001, the Meat Corporation of Namibia was incorporated in the Meat Corporation Act (Act 1 of 2001).
About ABOUT MEATCO: The Meat Corporation of Namibia (Meatco) is a meat processing and marketing organization that serves markets locally and internationally on behalf of Namibian cattle producers. Meatco
More informationIn this week s issue:
4 th April, 2016 Vol.3. No.14 In this week s issue: Kwacha Slightly gains Local maize purchases by private buyers reduces. Trade deficit rises by 191.4% Livestock Stakeholders call for Increased Monitoring
More informationSouth Africa - Republic of LOCK-UP REPORT. Grain and Feed Update. Required Report - public distribution. Date: 5/7/2009 GAIN Report Number: SF9020
Required Report - public distribution Date: 5/7/2009 GAIN Report Number: SF9020 South Africa - Republic of LOCK-UP REPORT Grain and Feed Update Approved By: Charles Rush Prepared By: Dirk Esterhuzien Report
More informationPART 6 MONITORING THE FOOD SECURITY SITUATION IN SADC
PART 6 MONITORING THE FOOD SECURITY SITUATION IN SADC SADC food security situation 1. Introduction Point 6 of the terms of reference of the Food Price Monitoring Committee is To monitor the regional SADC
More informationLivestock Sector Review
Livestock & Meat Advisory Council Exhibition Park, Samora Machel Ave West, P O Box BE 209, Belvedere, Harare Phone: 756 600, 772 915, 777 391 Fax: 774 800 Email: admin@lit.co.zw Livestock Sector Review
More informationSouth Africa s 2017/18 maize production season started on a bad footing, with extreme dryness in the western
23 February 2018 South African Agricultural Commodities Weekly Wrap The stronger domestic currency, coupled with prospects of rainfall across the summer crop growing areas, and large carryover stocks in
More informationIntegrated report 2017
Integrated report 2017 OUR BRANDS CONTENTS Investment case 2 About this report 4 Quantum Foods at a glance 13 Value chain and business model 15 Financial and non-financial highlights 18 Business overview
More informationVision. To be an admired agri-business. Values. Integrity Business orientation Innovation Loyalty Accountability Self motivation
Vision To be an admired agri-business. Values Integrity Business orientation Innovation Loyalty Accountability Self motivation Turnover Market Capitalisation Total Assets R13,9 billion R1,9 billion R4,0
More informationHow Can a Commercial Technology Solution Dually Benefit Incomes and Nutrition?
How Can a Commercial Technology Solution Dually Benefit Incomes and Nutrition? Feed the Future Partnering for Innovation works with business partners to advance commercial solutions to development outcomes.
More informationRSA Agricultural Commodities Weekly Wrap 14 October 2016
AGBIZ RESEARCH AGRI-COMMODITIES WEEKLY WRAP RSA Agricultural Commodities Weekly Wrap 14 October 2016 This week saw a significant weakening of the South African Rand against the US Dollar, owing to domestic
More informationMonthly Regional Food Price Update - July & August 2017
e Monthly Regional Food Price Update - July & August 2017 h Highlights: Southern Africa Improved maize supplies drove national maize and maize meal prices further down in July in all the monitored countries
More informationSALES DIRECTOR. Information Pack
SALES DIRECTOR Information Pack Contents Contents Section Page About Fane Valley Feeds 2 Company Management Structure 6 The Role 7 Person Specification 11 Page 2 About Fane Valley Feeds Fane Valley Feeds
More informationLivestock Market Update: October 2017
Livestock & Meat Advisory Council Exhibition Park, Samora Machel Ave West, P O Box BE 209, Belvedere, Harare Phone: 756 600, 772 915, 777 391 Fax: 774 800 Email: admin@lit.co.zw Livestock Market Update:
More informationINDEX COMPANY PROFILE. Our Vision. Our Mission. Introduction. Company Structure. The Abattoir. Tray-Ready and Deboning. Our Markets.
COMPANY PROFILE 1 INDEX COMPANY PROFILE Our Vision Our Mission 3 4 Introduction 5 Company Structure The Abattoir 6 7 Tray-Ready and Deboning 8 Our Markets 9 The Butchery 10 Contact us 11 Winelands Pork
More informationAgri Trends 25 January 2019
Agri Trends 25 January 2019 The summer crop production areas drought, lead to a price decline in the beef industry. The suspension of beef exports and the poor outlook of summer crops which will subsequently
More informationTime for Africa. Capturing the African meat and poultry investment opportunity
Time for Africa Capturing the African meat and poultry investment opportunity Nan-Dirk Mulder, 4 October 2017 Rabobank: The world s leading global F&A bank Rabobank group global presence Rabobank in Africa
More informationAgri Trends 14 June 2017
Agri Trends 14 June 2017 Wheat import tariff pending announcement and revisions causing more uncertainty. Approximately half of the wheat that South Africa consumes is imported. Because SA is a net wheat
More informationCHAIRPERSON S REPORT 2014 Presented by Justice Zotwa
CHAIRPERSON S REPORT 2014 Presented by Justice Zotwa INTRODUCTION The DPFO aims to help smallholder poultry farmers from previously disadvantaged communities to move into the mainstream economy. The small
More informationCHAPTER 4. Our strategy OUR STRATEGY. 44 Strategic focus
OUR STRATEGY 44 Strategic focus 4 www.pnp.co.za Integrated Annual Report 08 4 STRATEGIC FOCUS The Group developed its strategic turnaround plan in 04. Its objective is to restore the business to a position
More informationMONTHLY FOOD SECURITY BULLETIN OF SOUTH AFRICA: AUGUST 2012
MONTHLY FOOD SECURITY BULLETIN OF SOUTH AFRICA: AUGUST 2012 Issued: 4 September 2012 Directorate: Statistics and Economic Analysis Highlights: Significant rainfall occurrences for August 2012 were limited
More informationFarmland Industries A case description on vertical co-ordination in U.S. pork industry
Rosmalen, 12 May 2000 AKK4368c/MV/mk Farmland Industries A case description on vertical co-ordination in U.S. pork industry CONTENTS 1. INTRODUCTION 2. FARMLAND SUPPLY CHAIN 2.1 Company profile 2.2 Farmland
More informationAgri Trends 27 July 2018
Agri Trends 27 July 2018 Beef prices are at high levels, which add a bearish tone on consumption prospects. Consumption of beef has remained stagnant and only showed modest gains over the past 4 to 5 years.
More informationZimbabwe ANNUAL REPORT
THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. GOVERNMENT POLICY Voluntary - Public Date: 9/15/ GAIN Report Number: : Pretoria
More informationZambeef s Strategy to Increase Efficiency and Capacity whilst controlling Costs and ensuring High Quality at the abattoirs
Government of Botswana European Union Public Private Dialogue on Beef Value Chain Development From Assets to Investments Zambeef s Strategy to Increase Efficiency and Capacity whilst controlling Costs
More informationThe Global Supply Chain Manager
The Global Supply Chain Manager Olam is a leading, integrated global supply chain manager of agri-commodities. We operate in over 60 countries, delivering 20 products to more than 10,500 customers worldwide.
More informationLivestock Related Capacity & Institutional Assessment Of Regional Farmer Organisations Southern Africa.
Livestock Related Capacity & Institutional Assessment Of Regional Farmer Organisations Southern Africa. y Peter G Sinyangwe (PhD), Regional Coordinator Vet-Gov, SADC ay 24-28, 2015 ACAU Regional Conference
More informationTHIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S.
THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. GOVERNMENT POLICY Voluntary - Public Date: 7/17/2014 GAIN Report Number:
More informationTHIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S.
THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. GOVERNMENT POLICY Required Report - public distribution Date: GAIN Report
More informationUnderlying operating profit R million
Operational Review PAPER BUSINESS FINANCIAL HIGHLIGHTS Revenue R million Underlying operating profit R million Operating assets R million 8, 6, 5,42 5,574 6,273 8 6 562 635 711 4, 3, 2,837 3,113 3,721
More informationMacro-Economic Impact Analysis of the South African Broiler industry applying the South African INFORUM Model (SAFRIM).
Macro-Economic Impact Analysis of the South African Broiler industry applying the South African INFORUM Model (SAFRIM). By Christo Joubert, David Mullins and Nomsa Phindile Nkosi 22 TH INFORUM WORLD CONFERENCE,
More informationIntegrated Transparency, Ensuring Safety. DaChan Food Asia
Integrated Transparency, Ensuring Safety DaChan Food Asia What do we sell? What is DFA? What do we sell? What is DFA? Index DFA Overview Opportunities and the Smile Curve Feed Segment Broiler (Raw Meat)
More informationIMO HILL FARMS July 2015
IMO HILL FARMS July 2015 Teaser Document Contents INTRODUCTION THE COMPANY EXPANSION STRATEGY MARKET ASSESSMENT 3 5 13 18 THE OPPORTUNITY 20 3 Introduction Introduction Page 4 Imo Hill Farms Limited (
More informationRegistry of Certified clients
HACCP (SANS) 10330: 2007 Last update: 7 December 2016 Company Scope of Certification Standard Site HA001 Necta Honey Farm CC The receiving of honey, its bottling, packing and dispatch HACCP (SANS) 10330:2007
More informationRSA Agricultural Commodities Weekly Wrap 23 September 2016
AGBIZ RESEARCH AGRI-COMMODITIES WEEKLY WRAP RSA Agricultural Commodities Weekly Wrap 23 September 2016 This season South Africa is a net importer of grains and oilseeds. Therefore, the price movements
More informationRESULTS FOR THE SIX MONTHS ENDED 31 DECEMBER 2016 INVESTOR PRESENTATION APPENDICES 24 FEBRUARY 2017
RESULTS FOR THE SIX MONTHS ENDED 31 DECEMBER 2016 INVESTOR PRESENTATION APPENDICES 24 FEBRUARY 2017 RCL FOODS IN CONTEXT FOOD, LIQUOR & HOME CARE BANKING HEALTHCARE INSURANCE INDUSTRIAL INFRASTRUCTURE
More informationClass 31 : Feed Conversion Ratio / dozen eggs or kilogram of meat. Marketing channels in poultry-integration.
Class 31 : Feed Conversion Ratio / dozen eggs or kilogram of meat. Marketing channels in poultry-integration. Egg marketing : The wholesale rade of eggs in big cities, where potential demand exists, is
More informationAgri Trends 1 February 2019
Agri Trends 1 February 2019 Keep a multi-season perspective during a drought. The late rainfall during the planting window of maize threatens to limit the output of the crop in the 2019/20 marketing year.
More informationThe North West and Free State provinces received good showers on Wednesday evening which should slightly
16 February 2018 South African Agricultural Commodities Weekly Wrap Apart from the United States Department of Agriculture s World Agricultural Supply and Demand Estimates report, and domestic weekly grain
More informationClimate Change Adaptation in Agriculture in SADC
Climate Change Adaptation in Agriculture in SADC Climate resilient agriculture in a changing world Regional CSA Conference 11.08.2016 Johannesburg, RSA Sarah Beerhalter Contact: sarah.beerhalter@giz.de
More informationIn this week s issue:
18 th July, 2016 Vol.3. No.29 In this week s issue: Local soya prices edge downwards Day Old Chick Prices rise by 15% year on year Optimism still high on global wheat output Upcoming Events/Alerts TUTA
More informationCreating more value together. Global Marketing Animal Nutrition, 2 November 2015 Amsterdam Richard Maatman
Creating more value together Global Marketing Animal Nutrition, 2 November 2015 Amsterdam Richard Maatman 28 September 2015 Programme 1 Market Trends & Industry Drivers 2 How to compete 3 Where to compete
More informationMONTHLY FOOD SECURITY BULLETIN OF SOUTH AFRICA: DECEMBER 2012
MONTHLY FOOD SECURITY BULLETIN OF SOUTH AFRICA: DECEMBER 2012 Issued: 17 January 2013 Directorate: Statistics and Economic Analysis Highlights: During December 2012 significant rainfall events were recorded
More informationAustralian Beef Financial performance of beef farms, to
Australian Beef Financial performance of beef farms, 2014 15 to 2016 17 Jeremy van Dijk, James Frilay and Dale Ashton Research by the Australian Bureau of Agricultural and Resource Economics and Sciences
More informationSouthern Africa The Rainfall Season
Southern Africa The 2014-2015 Rainfall Season SOUTHERN AFRICA SEASONAL ANALYSIS 2014/2015 HIGHLIGHTS The 2014-2015 growing season is coming to a close in Southern Africa and further rainfall will not significantly
More informationMonthly Regional Food Price Update
Monthly Regional Food Price Update Southern Africa September 2018 Highlights In the southern African region, maize prices are already beginning to show mixed trends. In South Africa and Tanzania, maize
More informationinterim results presentation for the six months ended 31 March 2017
interim results presentation for the six months ended 31 March 2017 2017 AGENDA Business Overview [# 03] Industry Trends [# 21] Financial Overview [# 29] Industry Matters [# 40] Outlook [# 42] Additional
More informationPotato Case Study of a Successful Farmer Fuelled by Passion of Potatoes in South Africa
Potato Case Study of a Successful Farmer Fuelled by Passion of Potatoes in South Africa Presenter: Sydwell Lekgau Date: 17 th June 2013 Atlanta: Cobb Galleria Centre 1 Presentation Outline Introduction
More informationInghams Group Limited
Inghams Group Limited 1H FY2017 Results Presentation 15 FEBRUARY 2017 Important notice and disclaimer Disclaimer The material in this presentation is general background information about the activities
More informationThe maize harvest activity is slowly gaining momentum in many areas across the country. The progress made thus
08 June 2018 South African Agricultural Commodities Weekly Wrap The weather is a key focus in the South African grain and oilseed market as it continues to influence the harvest activity of summer crops
More informationSTRATEGY, MATERIAL RISKS AND OPPORTUNITIES
STRATEGY, MATERIAL RISKS AND OPPORTUNITIES Cashbuild has identified a number of strategic business imperatives based on identified risks and opportunities, aimed at maximising the profitability and sustainability
More informationFACT SHEET AVENG GRINAKER-LTA
FACT SHEET AVENG GRINAKER-LTA About Aveng For more than 125 years, Aveng has evolved in character, capacity and reach and continues to make its mark across the globe. Its origins lie in modest construction
More informationFeed the Future Innovation Lab for Food Security Policy
Feed the Future Innovation Lab for Food Security Policy Policy Research Brief 38 May 2017 The impact of the 2015/16 drought on staple maize markets in Southern and Eastern Africa Ferdi Meyer, Tracy Davids,
More informationMARKET STUDY ON INVESTMENT OPPORTUNITIES OF ZAMBIAN POULTRY SECTOR IN DOMESTIC AND REGIONAL MARKETS
MARKET STUDY ON INVESTMENT OPPORTUNITIES OF ZAMBIAN POULTRY SECTOR IN DOMESTIC AND REGIONAL MARKETS Wed 8 July 2015 GOAL OF MARKET STUDY To generate market intelligence on investment opportunities in poultry
More informationTowards Quality Improvement Thoughts from a buyer s perspective
Towards Quality Improvement Thoughts from a buyer s perspective Presented by: Kadi Seisa Managing Director Leaf Holdings (Pty) Ltd t/a BotsBeef Botswana Beef in the Global Context Primary Markets Norway
More informationMONTHLY FOOD SECURITY BULLETIN OF SOUTH AFRICA: MARCH 2011
MONTHLY FOOD SECURITY BULLETIN OF SOUTH AFRICA: MARCH 2011 Issued: 8 April 2011 Directorate: Statistics and Economic Analysis Highlights: Vegetation conditions for March 2011 were normal to above-normal
More informationAnnual Results Presentation
Annual Results Presentation for the year ended 30 September 2015 AGENDA Business Overview Poultry Industry Trends Financial Overview Industry Matters Prospects Q & A 2 BUSINESS OVERVIEW THE PERIOD IN PERSPECTIVE
More informationTHE PATHWAYS TO CROP DIVERSIFICATION IN MALAWI; a case study of tobacco production in Malawi
THE PATHWAYS TO CROP DIVERSIFICATION IN MALAWI; a case study of tobacco production in Malawi INTRODUCTION Crop diversification has been one of the strategies which Malawi has been trying to achieve for
More informationThe African Steel Market: The View from Established Players
PRESENTED BY : Kaizer M. Nyatsumba Chief Executive Officer Kaizer@seifsa.co.za The African Steel Market: The View from Established Players 23 June 2015 Maputo, Mozambique THE STEEL AND ENGINEERING INDUSTRIES
More informationAB LINAS AGRO GROUP- VERTICALLY INTEGRATED AGRICULTURAL AND FOOD INDUSTRY GROUP. Tomas Tumėnas, Finance Director
AB LINAS AGRO GROUP- VERTICALLY INTEGRATED AGRICULTURAL AND FOOD INDUSTRY GROUP Tomas Tumėnas, Finance Director THE PLACE IN FOOD CHAIN International vertically integrated agribusiness Group. Runs business
More information40,000 35,000 30,000 25,000 20,000 15,000 10,000 5,000
REGIONAL SUPPLY AND MARKET OUTLOOK Southern Africa August 7, 2015 ABOUT THIS REPORT The Famine Early Warning Systems Network (FEWS NET) monitors trends in staple food supply and price trends in countries
More informationLivestock sector analysis and development of an investment framework for Smallholder Livestock Production in Zimbabwe. Terms of References
Livestock sector analysis and development of an investment framework for Smallholder Livestock Production in Zimbabwe I. Background Terms of References The livestock sector in Zimbabwe has undergone major
More informationAMT BEEF & MUTTON MONTHLY REPORT JULY Compiled by Pieter Cornelius NEXT PUBLICATION AUGUST 2018
Enquiries: Dr Johann van der Merwe Cell: 073 140 2698 Web: www.amtrends.co.za E mail: johnny@amtrends.co.za Compiled by Pieter Cornelius E mail: johnny@amtrends.co.za NEXT PUBLICATION AUGUST AMT BEEF &
More informationREPORTS SEND SOYBEANS LOWER
Broiler Economics By Dr. Paul Aho Vol. 25, Issue 2 April 2017 REPORTS SEND SOYBEANS LOWER On March 31st every year there are two news releases by the USDA that have the potential of moving the grain market.
More informationKey Statistics: Monthly Update January 2014
A briefing for members on the latest agricultural statistics and economic indicators from NFU Economics. In this issue Farm Business Income Pigs Cost of Production Milk Production Beef and Veal Production
More informationThe Animal Feed Manufacturers Association
The Animal Feed Manufacturers Association Representing animal feed manufacturers in the South African feed industry WHO WE ARE The Animal Feed Manufacturers Association of South Africa (AFMA), is the official
More informationFor personal use only
Level 9, Marine Board Building 1 Franklin Wharf Hobart, Tasmania 7000 Attention: ASX Company Announcements Platform Lodgement of Market Briefing 20 August 2015 Tassal MD on FY15 results and evolution to
More information1 See:
Terms of Reference Feasibility study for establishment of FMD-free fresh meat producing cattle subpopulations in Zimbabwe STDF Project Preparation Grant (STDF/PPG/550) Background 1. About 65% of Zimbabweans
More informationFEED TO FOOD. quality & safety. Skretting Australia Quality Manual
FEED TO FOOD quality & safety Skretting Australia Quality Manual CONTENTS The Mission that inspires us: Feeding the future The Vision that guides us: In a world with limited natural resources and a growing
More informationOverview Seed Co International unbundled out of Seed Co Ltd & listed on the BSE 5 October with a secondary listing on the ZSE
Overview Seed Co International unbundled out of Seed Co Ltd & listed on the BSE on 5 October with a secondary listing on the ZSE Seed Co International Half-Year to 30 Sept 2018 Financial Review By Matorofa
More informationDEPARTMENT OF AGRICULTURE AND RURAL DEVELOPMENT GAUTENG PROVINCE AGRIPARKS PROGRAMME
DEPARTMENT OF AGRICULTURE AND RURAL DEVELOPMENT GAUTENG PROVINCE AGRIPARKS PROGRAMME PRESENTATION TO THE CPSI CONFERENCE Presenter: Mr Motlatjo Makaepea 31 AUGUST 2017 KEMPTON PARK TABLE OF CONTENTS GAUTENG
More informationZAMBIA SUGAR SITE VISIT. October 2015
ZAMBIA SUGAR SITE VISIT October 2015 AGENDA 1. Introduction 2. Market overview 3. Strategic response 2 MARKET OVERVIEW Sources The following market information has been compiled using data from the following
More informationAVI Limited Presentation to shareholders & analysts AGENDA. for the year ended 30 June Key features. Group financial results
AVI Limited Presentation to shareholders & analysts for the year ended 30 June 2010 AGENDA Key features Group financial results Operating environment Initiatives and prospects Questions and answers KEY
More informationNutreco Ambition 2016
Knut Nesse, CEO Nutreco 19 September 2013 Nutreco Ambition 2016 AGENDA 1 Welcome 2 The Challenge 3 Our ambition 4 Our Strategy 5 Innovation & Solutions Feeding the Future Growth Sustainable Growth in Practice
More informationA PROFILE OF THE SOUTH AFRICAN COTTON MARKET VALUE CHAIN
A PROFILE OF THE SOUTH AFRICAN COTTON MARKET VALUE CHAIN 216 Directorate Marketing Tel: 12 319 8455 Private Bag X 15 Fax: 12 319 8131 Arcadia E-mail:MogalaM@daff.gov.za 7 www.daff.gov.za 1 Table of Contents
More informationChapter 4 Rice Yields
FOOD SECURITY AND FARMER EMPOWERMENT RICE YIELDS 53 Chapter 4 Rice Yields In this chapter, we focus on the question of rice yields. Rice is the single most important crop, economically and culturally,
More informationSTRATEGIC PLAN. Effective July 2016
STRATEGIC PLAN Effective July 2016 I. STRATEGIC PLAN MISSION, VISION, VALUES MISSION: Strengthen demand for U.S. Potatoes VISION: Create positive change in the industry through innovative and inspiring
More informationTHIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S.
THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. GOVERNMENT POLICY Voluntary - Public Date: 2/27/2013 GAIN Report Number:
More informationMONTHLY FOOD SECURITY BULLETIN OF SOUTH AFRICA: JULY 2013
MONTHLY FOOD SECURITY BULLETIN OF SOUTH AFRICA: JULY 2013 Issued: 5 August 2013 Directorate: Statistics and Economic Analysis Highlights: During July 2013, significant rainfall events were limited to the
More informationPresented by: Acham Ketty Elungat. Mobile: Website:
REDUCING HOUSEHOLD VULNERABILITY OF FORMER INTERNALLY DISPLACED PERSONS IN NORTEHRN UGADA THROUGH AGRIBUSINESS Presented by: Acham Ketty Elungat. Mobile: +256-772-489682 Email: necpalira@gmail.com Website:
More informationAgri Trends 29 September 2017
Agri Trends 29 September 2017 How South Africa compares with the USA you have reason to be a proud South African! Being biased towards South Africa we decided to compare South Africa with the USA based
More informationEU milk margin index estimate up to 2018
EU Agricultural and Farm Economics Briefs No 17 December 2018 EU milk margin index estimate up to 2018 An overview of estimates of of production and gross margin indexes of milk production in the EU Contents
More informationAs we set out in our note on 05 October 2017, South Africa s 2017/18 total maize supplies are at 17.1 million tonnes,
06 October 2017 South African Agricultural Commodities Weekly Wrap The South African Supply and Demand Estimates Committee s latest data paints a mixed picture regarding the country s grain and oilseed
More informationFEED TO FOOD. quality & safety. Skretting Australia Quality Manual
FEED TO FOOD quality & safety Skretting Australia Quality Manual The Mission that inspires us: Feeding the future The Vision that guides us: In a world with limited natural resources and a growing population,
More informationAnalysing vegetable growers' financial performance by state Contents
1 Analysing vegetable growers' financial performance by state Contents Introduction... 3 Australian vegetable growers financial performance... 3 New South Wales vegetable growers financial performance...
More informationCOMPANY PROFILE. Tel: Fax: Web: La Belle Road, Stikland
COMPANY PROFILE Tel: +27 21 948 1821 Fax: +27 21 946 4275 Web: www.wlpork.co.za La Belle Road, Stikland INDEX Company Profile Our Vision 3 Our Mission 4 Introduction Company Structure 5 6 The Abattoir
More information