Swine news - Economy

The Ministry of Agriculture signs an agreement with the interprofessional organizations Interovic, Interporc, and Provacuno to promote the excellence and diversity of the Spanish meat sector in the international market.

World corn production is expected to be lower due to a cut in the U.S. crop, and exports are expected to fall in Brazil, Argentina, and Ukraine. The new soybean crop outlook is good, with significant increases in production, international trade, and final stocks.

The lull in rains and low temperatures next week should help to finish the harvest without major problems. Progress in first soybeans is 88% and 90% in early corn when they should have already been completed. In second soybeans, 45% is still to be harvested.

Hog production dropped by 4.3% annually.

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.

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

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

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.

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

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.

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

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.

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

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

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

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

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.

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.