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With ABP buying Fane Valley’s remaining interest in Slaney, ICM and Linden, Justin McCarthy examines the future for the sector and asks why can't farmers and plcs run successful processing factories
The Irish Farmers Journal understands that ABP is about to announce the takeover of the remaining share of Slaney, ICM and Linden, and end the joint venture with Fane Valley.
Wexford meat company Slaney Foods racked up a €1.3m loss for 2019. The two-month-long protest by farmers at the gates of beef factories last year appears to have hit profits, writes Lorcan Allen.
The 20c/kg increase in price is being underpinned by factories raising prices on offer to entice more lambs forward and ward off interest from competing plants.
There are reports of higher numbers of sheep coming on stream, but factories are anxious to handle a larger throughput to satisfy demand for the Ramadan festival.