Swine news - Economy

Strong recovery in production drives higher crushes and exports in the new season.

Over the past twenty years, the number of pig farms in France has steadily decreased, with farmers retiring or going out of business without being replaced.

These are the leading European exporters of pork products to third countries in 2023.

The Council of Agriculture and Fisheries Ministers has given the green light to the legislative amendment proposal presented by the Commission to simplify and make the Common Agricultural Policy (CAP) more flexible.

The reduced tariff rate for Paraguayan pork exports seeks to increase shipments of this protein to the Taiwanese market.

European Parliament and Council reached a provisional agreement on extending trade liberalisation measures for Ukraine.

Last year Brazil exported US $375 million worth of gelatin to around 70 countries.

Paraná produced 660.63 thousand more pigs in 2023 with greater national growth, according to the Brazilian Institute of Geography and Statistics (IBGE).

The Customs Administration of China confirms the certification of the first Panamanian pork processing plant to export pork products to the People's Republic of China, by complying with all sanitary measures and quality standards.

Corn contracts have exhibited dynamism in the local market since the beginning of the year, driven by export demand. The harvest is advancing in Brazil with divergent projections.

In 2023, 57.17 million head of pigs were slaughtered, representing an increase of 1.3% compared to 2022 and a new record for the survey.

To ease the administrative burden for EU farmers, the European Commission has proposed to review certain provisions of the Common Agricultural Policy (CAP), aiming to deliver simplifications.

Agri-food and fisheries exports reached a record 70,431 million euros in 2023, an increase of 3% compared to 2022.

World corn production estimates were lowered by 2.3 million tons compared to the February report. For soybeans, estimates were again cut for Brazil.

From 2023 to 2030, pork consumption is expected to grow in Latin America, China, and the United States while a decrease is expected in the European Union.

The event marks a milestone for the Canadian pork industries' global outreach.

U.S. pork exports raced to a great start in 2024, according to January data released by USDA and compiled by USMEF.

Swine and pork production in 2024 will be marginally down as persistently low live hog and pork prices weigh on producers. Pork imports may grow marginally to offset the forecasted decline in domestic pork production.

Japan’s pork production will be steady and imports up slightly to meet stable demand in both its retail and food service sectors.

Decreases in pig, bovine, and sheep production are expected.

This marks the first increase in the FAO Meat Price Index in seven months.

International prices of all major cereals declined month on month.

The modified time-limited trial will continue through January 15, 2025.