Business
Plandai Biotechnology Exploring Opportunities in the U.S. Poultry Market
Plandai Biotechnology Exploring Opportunities in the U.S. Poultry Market.
About this update from Plandai Biotechnology, Inc.
[{"type":"text","content":"\nSORBEO™ Proprietary PREMIX Addresses Needs in the $65 Billion Industry\n LONDON, UNITED KINGDOM , July 03, 2018 (GLOBE NEWSWIRE) -- Plandai Biotechnology Inc. (OTC Markets: PLPL) (the “Company” or “Plandai”), a producer of nutraceutical and highly phyto-available extracts, discusses the benefit of its SORBEO™ proprietary PREMIX as an affordable and cost effect formulation for the poultry industry in the U.S.  The United States has the largest broiler chicken industry in the world with about 16.5 percent of production exported to other countries in 2017. In 2017, almost 9 billion broiler chickens, weighing over 55 billion pounds liveweight, were produced. More than 41 billion pounds of chicken product was marketed, measured on a ready-to-cook basis. Americans consume more chicken than anyone else in the world – more than 92 pounds per capita in 2017 – the number one protein consumed in the United States. In the U.S., five broiler companies – Tyson Foods Inc., Pilgrim’s Pride Corp., Sanderson Farms Inc., Perdue Farms Inc. and Koch Foods Inc. – produced about 60 percent of the U.S.’ ready-to-cook (RTC) chicken last year, according to WATT Global Media’s Top Poultry Companies database. Between them, they produced about 493.21 million pounds weekly and earned a collective $28.1 billion in revenue.  Approximately 25,000 family farmers have production contracts with these five companies, accounting for over 95 percent of their broiler chicken production, with the remaining 5 percent raised on company-owned farms. Tyson Foods is one of the leading supporters of American agriculture, relying heavily on successful private farmers to support their chicken business. According to public records, Tyson pays more than $800 million annually to more than 4,000 independent poultry farmers contracted with them. In 2017, global chicken sales of Tyson Foods amounted to approximately $11.41 billion. In spite of substantial qualitative and quantitative advancements in different sectors of the poultry industry, the industry will continue to face numerous challenges on a global basis. Feed cost is one of the most serious challenges for the industry. There are issues surrounding inclusion of antibiotics in poultry feed and also the...