Page 297 of articles about markets-economics

A shift in consumer demand for meat products has caused pork prices to drop by as much as P20 per kilo, the Department of Agriculture (DA) said Monday.

President Obama is being urged by the National Pork Producers Council and 36 state pork producer organizations to work with Congress and the Mexican government to resolve the dispute over allowing Mexican trucks to haul goods into the United States.

The main production, slaughtering and distribution associations in the country (VPF, FNP, CRP de Bretagne, Coop de France, SNIV-SNCP, FNICGV y FCD) have signed an agreement to request that pork meat, as well as pork products, contain an indication of origin, whatever that may be.

By November 30, 2010 pig farmers who received loans to feed the animals from the State Fund Agriculture in 2008 may extend their repayment with one year more- until the end of 2011, has also decided the Board.

In 2010 the number of breeding pigs increased by 1.4% to 427 thousand. The number of fattening pigs decreased by 2% to 3.2 million leading to an overall reduction of 1.6% in the total number of pigs.

In a report entitled ‘Where Next for Grains?’ Rabobank Food and Agri analysts outline five major risks facing world grain markets in the coming months. Rabobank does not at this stage believe that the world is re‐entering a 2007/08‐type ‘food crisis‘ scenario. But significant risks in the U.S., China, Russia and the Southern Hemisphere could push grain prices higher over coming months.

Import of animals susceptible to FMD and non-heat treated products of animal origin to the Russian Federation will be restricted by the Rosselkhoznadzor from September 14, 2010 due to detection of FMD in cattle in Mongolia.

The Government of Canada is investing in grain research to increase yields for Canadian producers. The Canadian Field Crops Research Alliance will receive up to $4 million to develop new grain and oilseed varieties that are tailored to meet the needs of the marketplace and increase profitability for farmers.

The U.S. Department of Agriculture’s Animal and Plant Health Inspection Service (APHIS) is proposing to amend the livestock exportation regulations to eliminate pre-export tuberculosis and brucellosis testing for goats and breeding swine if the receiving country does not require such testing.

According to the decision of the Ministry, in September and October 2010, limit prices for beef increased to 4% per month, up to 3% per month for pork.

The latest data on pork exports during the first half of 2010 place Germany as the principal exporter, with 318.283 tons exported, 21% more than during the same period last year, followed by Denmark (306.476 tons, 15% increase), France (112.565 tons, 25% increase), Holland (105.880 tons, 9% increase) and Spain (105.472 tons, 15% increase).

The U.S. House of Representatives approved The Mandatory Price Reporting Act of 2010 (S. 3656) and The Veterinary Services Investment Act (H.R. 3519).

The French minister of Agriculture, Bruno Le Maire, just announced during his visit to SPACE, the setting in motion of an aid plan for farmers of 300 million euros.

The season-average farm price is projected at $4.00 to $4.80 per bushel, compared with $3.50 to $4.10 last month.