China sets aside over $200 mln to improve cold chain, logistics

Meat processing and distribution a top priority China has allocated 1.4 billion yuan ($207.35 million) to support cold chain and national logistics hub construction in the new year, reported Reuters, citing the country’s state planner on Tuesday. The money will be mainly invested in projects including cold chain logistical facilities for meat processing and distribution, […]

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UK food price inflation to hit 15% this summer, say experts

High levels of inflation to persist into 2023 Food price inflation in Britain is likely to peak at up to 15% this summer and will remain at high levels into 2023, reported Reuters, citing a prominent grocery industry researcher on Thursday, dealing another blow to the country’s cash-strapped consumers. In its latest report, the Institute of

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USDA raises forecast for meat, poultry production

Higher beef, pork production offset lower poultry production According to the US Department of Agriculture’s most recent WASDE report, the total US red meat and poultry production forecast for 2022 is raised from last month as higher beef and pork production more than offset lower poultry production. Beef production is raised with higher expected steer and

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