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Kiotech announces increase in sales
05.26.09 (8:50 am)   [edit]

Kiotech International PLC, a supplier of natural feed additives, has announced its preliminary financial results for 2008.

The company increased its sales to US$8 million (£5,428,169) and its cash balance increased by more than 12% to US$2.8 million (£1,867,592).

"The current year has started very well and I am excited by the potential of our recent product and market developments in both the agriculture and aquaculture markets," said Kiotech chief executive Richard Edwards. "The commencement of dividend payments is a measure of our confidence in the future prospects for the group." 

Profit improvement was achieved through action on raw material price increases in the agricultural division and strong growth in sales of new gut acidifier product for pigs and poultry.

For more related information, please visit WATT.
 
Provimi announces first-quarter sales
05.18.09 (10:56 am)   [edit]

Sales of the European animal nutrition company Provimi amounted to $594.1 million (Eur 433.9 million), a decrease of 18.5% compared with the same period in 2008, as reported in its first quarter sales and key developments for this year.

A decrease in raw material prices, lower volumes and exchange rate effects contributed to the group's declining sales.

However, pet food sales have increased by almost 10% in comparison with the same period last year.

In animal nutrition, the sales decrease in Northwest Europe was mainly due to diminishing volumes in export markets, while the turnover in Poland/Ukraine was negatively impacted by a declining market and aggressive competition.

In Central and Eastern Europe, the sales decrease was due to the closure of the Group's complete feed activities in Hungary and in the Balkans.

For more information, please go to WATT.

 
New technology to help growing food demand
05.08.09 (9:10 am)   [edit]

The U.N. Food and Agriculture Organization has forecasted the world’s demand for food will double by 2050.

The amount of arable land available will not double in the next 40 years; in fact, FAO expects that only 20% of the increased food needs will come from added farmland. FAO expects a 10% increase in production from increased cropping intensity, but the remaining 70% increase in food output will have to come from increased adoption of either existing or new agricultural technologies.

A recently released white paper titled, Technology’s Role in the 21st Century: Food Economics and Consumer Choice, expresses the position that it is up to agricultural producers to defend consumer choice.

Jeff Simmons, president, Elanco Animal Health, states a case for maintaining consumer choice in the food system in the developed world, choice of specialty products like organic meats and produce as well as safe, wholesome inexpensive alternatives.

This paper presents an argument for continuing to adopt new technologies which improve production of crops and livestock so that an ample supply of food is available to feed and fuel the world. Failing to apply these technologies would result in moving food prices out of reach for billions of the world’s poorest consumers, according to this analysis.

For more information, please visit Feed Industry Network.

 

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