Astral Foods reports return to profitability

For the past full financial year, South Africa’s largest poultry integrator reports significant improvements overall and for its poultry division, as market trends hit the bottom line for its animal feed business.

November 20, 2024

Earnings Profit

Phongphan | BigStock.com

After a series of business challenges for the previous year — the worst in the company’s history — Astral Foods returned to profitability for the year just ended.

At ZAR20.5 billion (US$1.1 billion) for the 12 months to September 30, overall revenue was 6.4% higher than in the previous year.

Log in to view the full article

Five smiling professionals standing together against a white wall in casual business attire

US ethanol industry eyes West Africa markets

Scattered Euro banknotes in various denominations including €10, €20, €50, and €100 notes displayed on a surface

LDC Group records revenue growth

CHS breaks ground on $700M Wisconsin plant

Officials gather in Evansville to celebrate cooperative’s new soybean processing facility expected to create 80 permanent jobs.

Group of seven business professionals holding shovels at a groundbreaking ceremony with green farm equipment and CHS signage

Brand Insights

Thermal Performance and Gearbox Selection for Grain Handling Applications

SEW-EURODRIVE, Inc.

SEW-EURODRIVE’s Austin Burdette discusses heat challenges in grain handling gearboxes and how proper thermal management can reduce downtime and extend equipment life.

Thermal Performance and Gearbox Selection for Grain Handling Applications

Business & Markets

Heavy rains ease drought across central US

Significant rainfall brought relief to parched areas of Kansas, Colorado and Nebraska, while northern Wisconsin saw conditions worsen.

Dramatic storm clouds gather over a green agricultural field with a curved rural road beneath an ominous sky

Soybean shipping costs climb in second quarter

Rising fuel prices and strong cargo demand drove up transportation expenses for U.S. and Brazilian soybean exporters during the spring, according to new federal data.

Large red and white oil tanker ship sailing on open ocean water

Business & Markets

Producer worries grow over rising costs

Higher input expenses push agricultural sentiment to new low as producers face financial pressures.

Red International Harvester combine harvesting mature soybeans in a field at sunset

GROWMARK acquires Illinois River terminal

Company gains full ownership of Imperial Valley Terminal in Havana from CHS.

Aerial view of grain processing facility with metal silos, storage buildings, and railroad tracks surrounded by fields

CN moves record grain volume in Q3

Railway company prepares for winter operations with $64 million technology investment and expanded cold-weather capabilities.

Grain Trade & Export

CPKC sets grain transport records in September

The railway company moved record volumes in both Canada and the U.S. during the month and third quarter.

Freight train traveling along turquoise lake in mountain valley with snow-capped peaks and evergreen forest

Second explosion hits Iowa feed mill

Firefighters battled flames for hours at the Kent Feeds in Sheldon, Iowa, facility after an early morning blast.

Red and white fire truck front with hexagonal grille, headlights, and emergency equipment in garage

Grain Trade & Export

China soybean buying lifts US exports

Strong Asian demand for soybeans offsets declining wheat shipments in latest weekly trade data.

Soybean field silhouetted against golden sunset sky with selective focus on mature pods

Grain rail traffic holds steady as barge movements climb

U.S. grain transportation shows mixed trends with barge shipments rising while ocean loadings lag behind last year’s pace.

Diesel locomotive with freight cars at grain elevator facility in rural agricultural area

Association News

New report maps feed additive supply chains

The IFEEDER report examines the complex network of precursor materials that feed manufacturers rely on for essential vitamins and amino acids.

White chicken with red comb and wattle pecking at grain feed in a trough

China commits to US soybean purchases

Annual 25 million metric ton agreement offers stability for American farmers through 2028.

Lush green soybean field stretching to horizon under clear blue sky with trees in distance

Page 1 of 93