Swine news - Economy

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.

U.S. exports of feed grains in all forms (GIAF) end marketing year at nearly 101 million metric tons.

The European Commission has published the external study, ‘Study on Future of EU livestock: How to contribute to a sustainable agricultural sector?’, to contribute to the debate on the sustainability of the livestock sector.

The German minister is not yet considering private storage and has emphasized the need to reduce the number of pigs in pens.

Global pork production forecast to be higher in 2021 due to recovery from both ASF and COVID-19. Demand from China to fall 6% and US production expected to be up slightly.

In the first half of 2020, 2.6 million tons of pork were produced in Germany.

Year-on-year, the index is down 9.5 points (9.4 percent) from its value in the corresponding month last year.