Swine news - Economy

On the occasion of the state visit of the President of the People's Republic of China, the French Minister of Agriculture and Food Sovereignty, Marc Fesneau, signed several ambitious agreements and protocols.

Pig slaughter fell by 1.8% year-on-year.

PHP10 million has been allocated to assist 5,000 affected hog raisers across the province.

Hog production dropped by 4.3% annually.

In 2023, the production of plant-based products as an alternative to meat increased by 16.6% over the previous year.

In the last three months, per capita consumption has been estimated at around 15 kg per capita per year, almost 1.5 kg below the average recorded in 2023.

The average price per ton of imported product was 1.4% higher than the average in the first quarter of 2023.

EU farmers will benefit from the elimination of tariffs on key EU exports such as pig meat.

The European Commission has adopted an amendment to the State aid Temporary Crisis and Transition Framework (TCTF) to prolong by six months certain provisions of the Framework aimed to address persisting market disturbances specifically in the agriculture and fisheries sectors.

Agriculture remains impacted by several events outside farmers’ control, such as climate and geopolitical crises, which continue to exert pressure on farmers.

In the first quarter, Korea surpassed Canada as the fourth-largest export destination for U.S. pork.

The project will provide additional income to farmers and improve the local pork supply.

While the FAO Meat Price Index was up from March, world pig meat prices fell marginally.

Average global wheat export prices stabilized in April. Maize and barley prices increased while sorghum and rice prices declined.

At their annual conference in Munich, the VDF and BVWS attributed this situation mainly to high regulatory pressure, political uncertainty, and rising costs.

The provincial government aims to improve the hog inventory in Iloilo with its sentinelling program in 15 municipalities covering 1,139 farmers.

Consecutive decreases were observed in the first three months of the year.

The growth rate of pork was higher than that of beef and similar to that of poultry meat.

This data shows that Brazil, the third largest global exporter of pork, has great potential for market expansion.

Pig feed production has fallen nearly 7% due to poor market conditions and the uncertainty caused by the nitrogen policy.

FAO's market overview indicates that global pig meat production continued to grow in 2023 while trade fell sharply.

The EC has published the latest monthly trade report showing developments in imports and exports of EU agri-food products in January 2024. According to its main findings, the EU's agri-food trade exhibited positive growth.

MEPs gave a green light to the common agriculture policy (CAP) review to ease the administrative burden for EU farmers.

Compared to the first quarter of 2023, Chinese pork imports have decreased by 53%.