Swine news - Economy

Prices will remain under pressure, as production is still expected to increase by the end of the year, while much will depend on trade developments in the face of current uncertainties.

Global pork trade could face significant shift in trade flows in the second half of 2018, due to trade tensions and the possible impact of African swine fever.

The president of the SENASA and Chinese Customs public servants made progress regarding the negotiations for the opening of markets for pork.

Significant reductions in sow numbers were registered in Romania, Poland and Germany.

So far, the main pork supplier to India has been Belgium.

On September 30, 2018, the United States, Mexico and Canada announced the completion of negotiations toward a new United States-Mexico-Canada Agreement (USMCA).

The data show a slight increase in pig slaughterings in the first semester of 2018.

On Sept. 24, the revised Korea-U.S. Free Trade Agreement (KORUS) was signed by President Trump and South Korean President Moon Jae-in. Under KORUS, most U.S. pork products now enter Korea duty-free.

The stockbreeding activity allows the production of 6.7 million of tonnes of meat (fowl, beef, pork, goat and lamb) per year.

Nine countries have cancelled their Belgian pork imports aftter the detection of five African swine fever positive cases in wild boars.

The use of pig blood for the production of feed for the pig sector has been forbidden.

It is expected that in November a protocol will be signed that will allow the export of Argentinian pork to China.

In Ecuador, the consumption per capita is 10.90 kg, but it reaches 17 and 20 kg in other Latin American countries.

Despite the drop in pork production, the total meat production increased slightly in the first half of 2018 in comparison with 2017.

Exports have increased by 0.6% during the first semester of 2018 in comparison with the same period in 2017.

The deal also means UK exporters can further tap in to the overseas demand for parts of the pig carcass that are not commonly purchased in the UK, such as offal.

U.S. Secretary of Agriculture Sonny Perdue announced that the U.S. Department of Agriculture (USDA) will take several actions to assist farmers in response to trade damage from unjustified retaliation.

As a part of the market diversification policy for the import of agri-food products implemented by the SAGARPA, the first shipping from Spain, with more than 93 tonnes of frozen pork belly without skin, has arrived to Mexico.

Escalating trade tensions between the US and China, and within North America, are expected to greatly impact global pork trade in 2H 2018, according to Rabobank’s latest Pork Quarterly report.

The latest monthly agri-food trade report shows that EU exports remain strong, with €11.2 billion recorded in May 2018.

Pork exports reached 278.3 thousand tonnes in the first semester of 2018.

This region will supply the global market with some 59% of soya beans and sugar, and more than 30% of meat in 2017.

Global meat production is projected to be 15% higher in 2027 relative to the base period (2015-17).

The trade agreement is the biggest ever negotiated by the EU and will create an open trade zone covering over 600 million people.