Farm Ireland

Monday 22 January 2018

Profits up for Connacht Gold

Connacht Gold has reported a 13pc increase in turnover and an operating profit of just over €2m for last year.

Turnover at the co-op reached €300m last year, compared to €264m in 2009. Property disposals boosted the co-op's pre-tax profits to €5m last year, compared to €1.8m in 2009.

Chief executive Aaron Forde said the increased turnover reflected growth in all areas, including consumer foods, agribusiness sales and a record year for the livestock marts business.

Tainted milk seized in China

Chinese police have seized 26t of melamine-tainted milk powder from an ice cream manufacturer in the south of the country.

Five suspects were arrested and detained by police following the discovery, according to local media reports.

The seizure follows hot on the heels of the deliberate poisoning of milk at a dairy in the northwest of the country that caused the death of three toddlers in recent weeks.

Coveney invited to IHWT event

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The Irish Horse Welfare Trust (IHWT) has invited Minister for Agriculture Simon Coveney and his officials to attend the inaugural National Equine Welfare seminar, which takes place on Tuesday, May 17.

IHWT chief executive Sharon Newsome says the 'Challenges for Change' seminar will be an opportunity to begin a multi-agency approach to addressing equine welfare issues in Ireland and find solutions to the problems.

The Betfair-sponsored seminar will be attended by industry bodies, local authorities and Government officials.

Asian demand boosts Fonterra

New Zealand dairy giant Fonterra has cited strong Asian demand as the key reason for its dairy exports reaching records highs recently.

The farmer-owned company exported 229,000t of dairy products in March.

Fonterra's director of trade and operations, Gary Romano, said the main driver behind the export record was ongoing strong demand from China, South East Asia and the Middle East.

He said those regions had emerging middle classes with more discretionary income and a desire for more nutritious foods such as dairy products.

Indo Farming