JBS Australia planning to reopen feedlot in New South Wales, Australia, in next six months
March 10, 2014
(Business Monitor International)
– News: JBS Australia, a subsidiary of Brazilian meat processor JBS, is planning to re-open its Prime City feedlot close to Griffith in southern New South Wales, Australia, in the next six months. The company has made the move following a two-year shutdown of the Prime City facility due to challenging grainfed trading conditions. The reopening of the Prime City feedlot will be a carefully staged, measured and managed process, according to JBS Australia's Chief Operating Officer Anthony Pratt (Beef Central). 'The resumption of operations at the Prime City facility will mean the opportunity to send cattle north as the company has done previously with its Beef City facility, which is also an integrated feedlot and processing operation', said JBS's Director of Corporate and Regulatory affairs John Berry (ABC).
BMI View: BMI continues to forecast moderate growth for Australia's food industry over the medium term, with overall food consumption forecast to increase by a compound annual average rate of 2.6% in local currency terms between 2013 and 2018.