Swine news - Economy

Building on the political agreement in principle reached during the EU-Japan Summit on 6 July 2017, negotiators from both sides have been tying up the last details in order to finish the legal text. This process is now finalised.

U.S. pork exports remained ahead of last year’s record volume pace, and beef exports are poised to break $7 billion this year for only the second time, according to October export results released by USDA and compiled by the U.S. Meat Export Federation (USMEF).

Rabobank expects animal protein production to increase in all regions, with total production growth once again surpassing the ten-year average.

Government of Canada has successfully restored market access for Canadian pork exports to Argentina, effective immediately.

Simpler rules and a more flexible approach will ensure the Common Agricultural Policy (CAP) delivers real results in supporting farmers and leads the sustainable development of EU agriculture.

The data regarding the slaughterings in the first nine months of 2017 show a drop by 5.2% in the total number of heads.

Post estimates that 2017 swine inventories will increase by three percent due to the favorable level of farm-gate prices and stable feed costs. Swine inventories are expected to continue to grow in 2018, albeit at slower pace than 2017.

Brazil accounts for 90 percent of Russia's imported pork and 40 percent of beef.

On November 17, 2017 the Rosselkhoznadzor representatives held negotiations with the Ministry of Agriculture, Food and Rural Affairs of the Republic of Korea (MAFRA) in Seoul. The parties discussed the procedure for access of Russian meat products to the Korean market.

Total agricultural output in the EU down by 2.8% in 2016 compared with 2015. Decrease due to falls in both animal and crop output.

Total swine population was 0.16 percent higher compared with previous year’s inventory of 12.50 million heads.

The agreement on new rules for organic farming endorsed by Council representatives will simplify and harmonise many of the rules covering organic food production both within the European Union and in non-EU countries.

The sales of Brazilian fresh pork decreased in terms of volume in October, as well as in terms of the total figures in the first ten months of 2017 in comparison with the same periods in 2016.

A total of €179 million will be available for promotion programmes selected for EU co-financing in 2018, compared to €142 million in 2017.

September pork export volume was steady with both the August and year-ago levels, while beef exports edged higher in volume and jumped substantially in value, according to statistics released by USDA and compiled by USMEF.

The PGI «Slavonski kulen»/«Slavonski kulin» is a dry cured sausage subject to several successive treatments for a minimum of 150 days.

It is expected that by the end of 2017, the total production reaches 4.57 million tonnes, that represent an increase by 5.1% with respect to 2016.

The last revision to the pork standards occurred in 1985.

According to the SAGARPA, pork production will grow and reach 1.4 million tonnes this year.

Until now, this method was authorised for potatoes, garlic, onions, asparagus, strawberries, spices, dried vegetable seasonings and/or their mixes, and cultivated edible mushrooms.

Global food prices dipped in October, led lower by dairy products, averaging 27 percent below its all-time high reached in early 2011.

The List of Agricultural Produce, Raw Materials and Food Products banned from import to Russia has been extended to include live pigs and several types of edible livestock byproducts and fats. The imposed restrictions will not affect domestic consumer availability.

Progress of the animal health protocols for the export of beef, veal, and fowl and dairy products.

Looking into Q4 2017, global pork supply is expected to increase further, mainly driven by China, the US, Canada, and Brazil. While China’s pork imports have slowed down recently, they are likely to pick up again later this year, according to RaboResearch’s latest global Pork Quarterly.