producer: The stock market float of Australia largest chicken producer Inghams Group Limited ING landed on one of the most jittery trading days, with uncertainty about the US election and Brexit, according to Australian Broadcasting Corporation. Ingham owners TPG raised about 440 million, 25 per cent lower than earlier expectations. Sydney 2000 There will be pain and gain for poultry farmers who supply Inghams, as they are pressured to help the company cut 200 million in costs over five years. Now meat analysts say Ingham and its contract poultry farmers face some cost cutting and the company must develop new processed chicken lines and exports, to stay ahead. There going to be cost cutting everywhere. The poultry industry is tightly held by several families and private business, so the listing of Ingham has finally given investors a slice of the chicken meat market.
(news.financializer.com). As
reported in the news.
Tagged under producer, trading topics.