Red meat sector challenges cut ANZCO Foods profit

ANZCO Foods chief executive Peter Conley. (Image: ANZCO)

Thu, 08 May 2025

Pressure in the red meat sector has weighed on ANZCO Foods’ profit margins.The Japanese-owned meat processor reported net profit after tax of $8.4 million for the 2024 year, compared to $44.4m in the 12 months prior.ANZCO is one of the country’s largest processors, alongside Alliance, Silver Fern Farms, and Talley's-owned AFFCO.It operates seven processing sites nationwide and the Five Star Beef feedlot near Ashburton.'Perform well'Global pressures weighed on red meat prices for much of 2024. Processors also had to conte...

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