Tyson Says China Chicken Unit to Benefit After Bird Flu Outbreak
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Tyson Foods Inc., the largest U.S. chicken producer, said its poultry business in China will benefit in the long-term as the bird-flu outbreak focuses attention on its food-safety procedures.
Tyson’s chicken production in China hasn’t been directly affected by avian influenza, also known as the H7N9 virus, according to the Springdale, Arkansas-based company. Tyson is “getting recognition” for its food-safety measures as chicken demand has dropped temporarily industrywide in China, Chief Executive Officer Donnie Smith said during a call with analysts yesterday after reporting fiscal second-quarter earnings.