Page 320 of articles about markets-economics

The government is encouraging the importation of up to 5,000 metric tons (MT) of pork up to the end of June under a tax subsidy scheme to cover a shortage in supply due to storms and diseases that hit last year and the current dry spell.

The European Commission authorised an Austrian scheme with a budget of approximately €1.2 million which aims at supporting farmers in Austria who encounter difficulties as a result of the current economic crisis. Aid under this scheme can be granted until 31 December 2010 and will take the form of direct grants, interest rate subsidies, subsidised loans and subsidised guarantees.

The latest figures offered by the Spanish Ministry of Environment and Rural and Marine Affairs show that in 2009 Spanish pig meat exports increased by 1.2% reaching a total of 1.25 million tonnes.

The European Commission authorised a Bulgarian scheme with a budget of BGN 20 million (approximately € 10,26 million) which aims at supporting agricultural holdings active in the primary production, marketing and processing of agricultural products who encounter difficulties as a result of the current economic crisis. Aid under this scheme can be granted until 31 December 2010 and will take the form of a direct grant.

Canadian Swine Exporters Association announced that negotiations are finalized and trade in Purebred swine genetics can now resume. China halted importation last May, 2009 due to H1N1 concerns in China.

A recent report by the Ministry of Agriculture noted that total feed output for the first quarter is expected to reach 30.32 million tonnes, up 5.6% over the same period last year.

The Government of Canada is delivering real results for the meat packing and processing sector in Manitoba. The Honourable Vic Toews, Minister of Public Safety, today announced an investment of $567,500 in Country Meat and Sausage, which is being delivered through Canada's Economic Action Plan.

Hog futures jumped to a 13-year high as wholesale pork surged, signaling demand for the meat is increasing as animal herds shrink.

Irish exporters struggled to compete with supplies from the UK market, where the average price in euro terms fell by 7% due to sterling weakening. Volume shipments to the UK declined by 5% as a result, but the UK market share of total Irish exports remained unchanged at 51%.

According to FAPRI 2010 U.S. and World Agricultural Outlook, recovering from a 12 per cent drop in 2009, pork trade grows by 2.8 per cent (122,000 metric tons; mt) annually in the next decade, reaching 5.52 mmt in 2019. Pork production increases in the next decade at a rate of 1.9 per cent (1.85 mmt), reaching 115.46 mmt in 2019.

The Veterinary Services Department has licensed eight companies to import a total of 1,600 tonnes of frozen pork from foreign abattoirs.