Randall Parker Food Group

The Randall Parker Food Group is an impressive group of companies with an exceptional reputation for quality, experience and choice within meat supply throughout the world.

We are committed to providing the finest meat products to you and your customer and our experience enables us to understand all your requirements.

Randall Parker Food Group

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Randall Parker Food Group

Moy Park working on London Stock Exchange floatation

Moy Park, one of Europe’s top poultry producers and a major sponsor of the football World Cup, is working on plans for a £1bn London stock market flotation.

The food giant is the biggest company in Northern Ireland and supplies chicken to major retailers and food brands including Tesco, Waitrose, and Jamie Oliver.

It is owned by Brazilian food group Marfrig, which is expected to sell down its stake when it goes public. Goldman Sachs, the Wall Street investment bank, has been appointed to oversee the plans.

Moy Park would follow a long list of consumer goods and retail groups to float in London this year. Other companies include Poundland, Pets at Home, and B&M.

Although some of them have endured a mixed performance, with the majority trading below their float price, a number of privately-owned companies are still pressing ahead with float ambitions.

Moy Park was one of the main sponsors of the football World Cup in Brazil and its brand was advertised on billboards on the side of the pitches.

The company, founded in 1943 in Moygashel, a village in Country Tyrone in Northern Ireland, employs almost 20,000 people across Northern Ireland, the UK, and Europe.

Sergio Rial, chief executive of Marfrig, said earlier this year that the company was looking to sell down stakes in its overseas businesses in order to reduce debts. According to accounts for 2013, Marfrig had net debts of 7.12bn Brazilian real (£1.9bn).

Moy Park generates annual sales of more than £1.2bn. In 2013 adjusted earnings before interest, tax, depreciation and amortisation (ebitda) reached £80.7m, while pre-tax profits were £33.8m.

via Poultry giant Moy Park cooking up London flotation – Telegraph.

Russia has banned U.S. poultry imports as part of a decree signed by President Vladimir Putin, the country’s veterinary service said Wednesday. Putin earlier signed an order banning or limiting imports of agricultural products from countries which have imposed sanctions on Russia.

Putin ordered his government to come up with a list of goods to be banned for imports into Russia and to last one year, the Kremlin said. The order says the limits are being imposed “with the goal of guaranteeing the security of the Russian Federation” and calls for undertaking measures to guard against quick price hikes. The decision on U.S. and EU food import bans would be “quite substantial,” the veterinary service said.

The move follows the latest round of sanctions against Russia imposed by the European Union last week, which for the first time targeted entire sectors of the Russian economy.

The U.S. and the EU have accused Russia, which annexed Ukraine’s Crimean Peninsula in March, of fomenting tensions in eastern Ukraine by supplying arms and expertise to a pro-Moscow insurgency, and have imposed asset freezes and loan bans on a score of individuals and companies.

Some U.S. poultry producers, including Pilgrim’s Pride and Tyson Foods, were still trading in positive territory after the announcement.

via Russia banning US poultry imports on Putin’s order.

Global poultry prices are taking off in Q2, according to Rabobank’s quarterly poultry report.

This bullishness is driven by relative price support from high beef and pork prices alongside demand recovery and a more balanced supply and demand situation in most regions of the world.

The report also points to falling international feed prices, based on a good crop outlook for wheat in Europe and Australia, and for soy beans in the USA.

“Under improved global market conditions, led by the North American region, a slight increase in global chicken prices is expected,” says Rabobank analyst Nan-Dirk Mulder. “We see an increasingly balanced market, where supply discipline is more the order of the day and improving margins will be the likely result.

“However, markets remain volatile and any change in fundamentals, especially from the supply and feed side, will impact global prices. Suppliers should look to keep production growth disciplined.”

via Firmer outlook for poultry prices – 30/07/2014 – Farmers Weekly.

U.S. reforms poultry inspections to boost food safety

The U.S. Department of Agriculture announced on Thursday reforms to decades-old processes for inspecting poultry facilities in a bid to cut down on the number of foodborne illnesses, but dropped an industry-backed plan to speed up production.

Under the new rule, poultry producers would be required, among other things, to perform microbiological testing at two points in their production process to prevent salmonella and campylobacter contamination.

The plan is designed to encourage a pro-active prevention approach instead of simply addressing contamination after it occurs. The move could prevent as many as 5,000 foodborne illnesses each year, USDA officials said.

Agriculture Secretary Tom Vilsack said the plan “imposes stricter requirements on the poultry industry and places our trained inspectors where they can better ensure food is being processed safely.”

via U.S. reforms poultry inspections to boost food safety | Reuters.