Poultry

Chicken prices shrink as industry grows

[3 August/Stuff] Chicken prices are decreasing with the expansion of the poultry industry. According to Statistics New Zealand, prices fell 8.5 percent in the last 12 months. A Woolworths NZ Spokeswoman said there were a number of factors that influenced food prices. She added simple demand and supply was one factor driving the trend in...

Northland councils recommend chook farm application to be declined

[27 July/NZ Herald] Two authorities in Northland wanted independent commissioners to decline resource consent applications for Tegel’s proposed broiler chicken farm. Tegel had applied for consents for various activities associated with construction and ongoing operation of the poultry farm. A hearing on the consents, however, has been suspended until further notice. Tegel said it needed...

Underground bores consented before controversial Tegel chicken farm approval

[2 July/NZ Herald] Tegel has been permitted to install eight groundwater bores on or near the site of a proposed broiler chicken farm in Northland that is awaiting resource consent. The bores are intended to supply water to the farm. The resource consent was processed separately. The Northland Regional Council said the adverse effects of...

Bounty Fresh launches Tegel takeover with minimum target already achieved

[29 May/NZ Herald] Bounty Fresh Foods has sent the offer document for its takeover bid for Tegel to the company. It is offering $1.23 per share. The offer is conditional on Bounty holding at least 50 percent of Tegel’s voting rights and Overseas Investment Office approval. Claris Investments had agreed to accept the offer meaning...

Northland councils request more details from Tegel on massive chook farm

[21 May/The Country] More information has been requested from Tegel about its proposed broiler chicken farm in Northland. The request included information on evidence of job creation and the assessment of odour. Tegel wants to set up a chicken broiler farm at Arapohue which is just outside Dargaville. Only 17 out of nearly 5,000 submissions...

Philippine company mounts $438m Tegel takeover bid

[26 April/Stuff] A Philippine based company has said Tegel has real potential to expand internationally in making a $438 million takeover bid for the company. Tegel’s largest shareholder had agreed to sell its 45 percent stake to Bounty Fresh Group at $1.23 per share. Bounty Fresh Food President, Tennyson Chen, said they planned to acquire...

Warning labels for fresh chicken needed, as people not preparing it properly

[17 April/NZ Herald] New Zealanders wanted brightly coloured warning labels on fresh chicken to warn them of the risks of the country’s largest food safety issue according to new research. A study by the University of Otago found only 15 percent of consumers were aware that most fresh chicken meat was contaminated with campylobacter. University...

Only 17 of 5000 submissions support Tegel chicken farm in Northland

[23 March/The Country] Out of the 5000 submissions made regarding a proposed broiler chicken farm just outside Dargaville, only seventeen were in support of it. Tegel wishes to set up a chicken farm at Arapohue with capacity to stock up to 1.3 million chickens and employ 28 people. Hearings will now be held before Council...

Tegel posts yet another shocker of a profit downgrade

[8 March/National Business Review] Tegel Group Holdings’ have downgraded their expected full-year results and unexpected costs have been incurred. It announced its annual results, even before one-off costs of between $8-$10 million, will be lower than last year after previously expecting to improve on last year’s results. Net profit is expected to be around $25-$27...

Extension to Dargaville chicken farm submission deadline rejected by councils

[6 March/The Country] A Kaipara resident believes people should support a large chicken farm near Dargaville as it would provide much needed jobs and income. A written request to block the proposal has been sent to the Northland Regional Council on behalf of those opposed to Tegel Food’s plan for a chicken farm with more...

FreshChoice, SuperValue to ditch sale of cage eggs by 2025

[22 February/Stuff] Two supermarket chains owned by Progressive Enterprises, FreshChoice and SuperValue, said they will phase out caged eggs. This means that all major New Zealand supermarkets are now committed to stop selling caged eggs over the next nine years. They plan to implement this ban by 2025. Progressive Enterprise Corporate Affairs General Manager, Kiri...

Public meeting to protest ‘huge and smelly’ Tegel chicken farm proposed near Dargaville

[13 February/ Northern Advocate] Residents around the site proposed by Tegel for a new 1.3 million bird broiler farm have organised a public meeting to discuss concerns about the farm that they describe as huge and smelly.  Tegel has lodged resource constraints for the farm which will be located south east of Dargaville but local...

Sunfed Meats taken to Commerce Commission over labelling

[16 November/New Zealand Herald] Sunfed Meats has had a complaint from The Poultry Industry Association New Zealand (PIANZ) lodged to the Commerce Commission. The complaint raised concern over the word ‘meaty’ in the labelling for a new pea protein chicken substitute. PIANZ claims this could be misleading for consumers. The meatless meat is flying off...

Tegel’s plan for chicken farm to create jobs in Northland

[17 November/New Zealand Herald] Tegel Foods has applied to the Overseas Investment Office to set up a broiler chicken farm in Northland. The company has also lodged a resources consent application with Kaipara District Council. The farm will stock up to 1.3 million chickens and employ 28 people. The broiler chickens would be raised on...

Sunfed Meats plans to go global with plant protein ‘meats’

[16 November/Stuff] Auckland-based start-up Sunfed Meats produces a pea-protein chicken substitute and is looking for strategic investor partners to help it scale production so that Sunfed can manufacture for export. Chief Executive and Founder Shama Lee said Sunfed had received significant interest from the United States, United Kingdom and Australia. Ms Lee raised $1.5 million...

Owner of New World, Pak ‘n Save to ditch cage eggs in a decade

[21 September/ Stuff] Foodstuffs is allowing ten years to stop selling cage eggs. The eggs will come from either free-range or barn raised hens. Countdown pledged in March to go cage-free by 2024 in the North Island and 2025 in the South Island. Foodstuffs Managing Director Steve Anderson said the company is committed to working...

Tegel chickens out of earnings forecast as rival spreads wings

[7 September/ National Business Review] At the annual Tegel Group shareholders meeting, Chairman David Jackson said Tegel’s performance was disappointing but rejected a suggestion from Shareholder’s Association Chairman John Hawkins that rival Inghams, also planning a float, the increased competition in the market was predictable. Tegel Chief Executive Phil Hand told the meeting the company...

Poultry suppliers quash claim of added water

[15August/Business Day] Poultry Industry Association of New Zealand Executive Director, Michael Brooks, is adamant that poultry suppliers are not pumping raw chicken with water to make it heavier following a complaint to the Commerce Commission by a home cook about the amount of water which came from his Countdown bought chicken. Mr Brookes said if...

Weak prices put Tegel pretax earnings near bottom of revised guidance

[27 June/ NZ Herald] Tegel Group, New Zealand’s largest poultry producer, reported a 0.8% gain in full year underlying EBITDA to $75.6 million.  The result, which is at the low end of a revised $75 to $85 million forecast range that the company provided in December and below the $87.4 million prospectus forecast was achieved...

Ex Tegel chairman cites ‘angst’ on missing profit target

[1 June/ National Business Review] Former Tegel chairman James Ogden said it was his decision to resign, adding that missing projected financial forecasts caused angst within management and between shareholders and the board. Mr Ogden decided as Chairperson he was the best person to take responsibility for missing the prospective financial information targets.  Mr Ogden’s...

Navis Capital acquires majority stake in Mainland Poultry

[27 April/ NZ Herald] Navis Capital, a private equity firm with offices in Australia and Asia, has been successful in securing a controlling interest in New Zealand’s largest egg producer, Mainland Poultry.  While the percentage of the company purchased and the price to be paid has not been disclosed, The Australian newspaper reported the price...

Aussie Private Equity firms line up to bid for Mainland Poultry – reports

[4 April/ NZ Herald] Mainland Poultry, the owner of New Zealand’s largest egg producer amongst other businesses, is reportedly attracting interest from Australian Private Equity Funds.  Rumours suggest the business is said to worth as much as $225 million according to the Australian Financial Review.  The owners of the business noted earlier in the year...

Countdown says loyalty data could whisk egg refunds to customers

[17 March/ Stuff] Countdown is deciding whether to use their Onecard loyalty scheme information to assess who might need refunding for their egg purchases after Palace Poultry may have sold the supermarket-chain cage-laid eggs claiming to be free-range. Countdown’s Onecards are designed to build customer loyalty, and help customers receive refunds as they are due...

Countdown pulls eggs from shelves

 [13 March/ New Zealand Herald] Countdown has removed Palace Poultry eggs from their shelves after reports revealed Palace Poultry were supplying them free range eggs which may not have been produced from free range hens.  Palace Poultry are audited through the Ministry for Primary Industry’s Registered Risk Management Programme, with this programme marking the eggs...