Primary Sector

Alliance margins improve as swine fever boosts global meat prices

Paul McBeth
Wed, 20 Nov 2019

Alliance margins improve as swine fever boosts global meat prices
Paul McBeth
Wed, 20 Nov 2019
Alliance Group said it would resume paying a distribution to farmer-shareholders after more than doubling its annual profit as China's shrinking swine herd boosted meat prices worldwide. The Invercargill-based cooperative announced a $9 million profit distribution to its 4,000 or so farmer-shareholders, having held on to its earnings last year to reinvest back into the business.It reported an after-tax profit before distributions of $13.9 million in the year ended Sept. 30, from $6.6 million a year earlier. Gross margin widened to 4.5 perc...

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