Silver Fern Farms' profit boosted by Chinese demand

Wed, 15 Apr 2020

Silver Fern Farms posted a net profit of $70.7 million for the year to December 2019, up from $5.8 million the year before on the back of higher red meat exports into China.The company, jointly owned by China’s Shanghai Maling Aquarius Limited and farmer-owned Silver Fern Farms Co-operative, reported revenue of $2.6 billion for the year, up from up from $2.4 billion in 2018. Heightened exports reflected the impact of African swine fever on Chinese pork supply.Silver Fern Farms Cooperative chair Richard Young described the performance as the "st...

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