NZ meat industry consolidation stumbled on differing strategies, uncommitted farmer suppliers

Thu, 21 Aug 2014

By Tina Morrison Aug. 21 (BusinessDesk) - New Zealand meat companies abandoned efforts to consolidate and reduce surplus capacity last year because they lacked an agreed export strategy and farmers wouldn’t commit stock to firms that closed plants, industry sources say. The country’s four biggest meat processors - farmer owned cooperatives Silver Fern Farms and Alliance Group, accounting for about half the industry, the Talley’s Group family-owned Affco and ANZCO Foods, with a majority ownership held by a Japanese food company - ended tal...

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