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Yeeda Pastoral secures loan to increase halal meat production in Australia

Zoom in font  Zoom out font Published: 2015-06-03  Views: 27
Core Tip: Australian red meat processor Yeeda Pastoral has secured $18m in loan from ADM Capital to increase its halal meat production.
The move is in line with ADM's strategy to boost agri business growth by helping companies in this sector that may lack the scale required to enter international markets.

The company's processing facility is in the final stages of commissioning which is expected to significantly ramp up its turnover from local and export meat sales.

Yeeda claims its beef is halal and it can be exported to Islamic countries across the Middle East and Northern Africa as well as the Asian growth markets.

ADM Capital co-founder Chris Botsford said: "We are seeing strong growth in demand for beef in line with increasing income and changing dietary patterns in Asia.

"This coupled with food security issues in China give us strong confidence in the future of Australian beef production and in Yeeda."

With a cattle herd of 85,000 head, the company processes free-range beef, lamb and goat.


 
 
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