Sale and leaseback plan on table as Mainland Poultry’s losses mount

Mainland Poultry produces a third of the country’s egg production under the Farmer Brown and Woodland brands. (Image: Farmer Brown)

Denise McNabb

Fri, 05 May 2023

Rising egg production costs ahead of a ban on caged battery hens from January this year and grain price increases have hit the country’s largest egg supplier Zeagold Nutrition hard, with payments to suppliers rising by $35 million between 2019 and 2022.Zeagold, the trading entity for Mainland Poultry, produces a third of the country’s egg production under the Farmer Brown and Woodland brands.The latest overdue accounts filed to March 2022 show a $20.5m increase in supplier costs from the previous financial year alone to $170.9m.The...

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