Swine news - Economy

The total amount of pork imported during the first 9 months of this year has reached 3,280,000 t.

The agency will support the competitiveness and sustainability of the pork sector by enabling the development and implementation of promotional and research activities.

Through the first three quarters of the year, United States pork exports were 16% ahead of last year’s record pace in both volume and value according to USMEF.

Tariffs on pork will be cut from 12.5% to 0%.

As Canada's plant-based food industry grows, the Government is working to provide greater clarity on the regulations that apply to meat and plant-based substitutes.

Portugal continues to expand its swine sector driven by increasing foreign demand, mainly from Asia. Portuguese live swine exports to Spain have boomed due to tight Spanish hog supplies.

Following Belgium's self-declared "ASF free" status, the Philippines has lifted the temporary ban on the import of domestic pigs, pork, and semen originating from Belgium.

Pork production so far this year continues to increase, according to the latest report by the Office of Agrarian Studies and Policies (Odepa).

Between January and September 2020, the country's pig slaughter has increased by 2.4% compared to the same period last year.

The Philippine Department of Agriculture is looking into the reasons for a rising pork price despite an increased frozen pork supply.

Tariffs on pork to be gradually reduced to 0%.

China has purchased over $23 billion in agricultural products, approximately 71% of its target under the Phase One Agreement.

Members of the European Parliament rejected all proposals to reserve meat-related names for products containing meat.

The live pig census has been restored to 84% compared to 2017 levels, and pork prices are falling.

Between January and September 2020 exports of Argentine pork products and by-products have increased by 63%, with China being the main destination.

For the first time, the entire food system is taken into account as a whole – from producers to consumers.

Pig production continues to recover. In September pork prices fell slightly. Corn and wheat prices are up, soybean prices are down.

Despite COVID-19 and uncertainties related to Brexit, EU27 agri-food trade continued to grow in the first six months of 2020, the net trade balance boosted by continued strong exports of pig meat.

The increase in the pig production cost index was driven by the 5.93% variation in nutrition costs.