
Philippine pork imports saw 11% increase in first half of 2026
Brazil was the main provider of pork to the Philippines during the period.
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Brazil was the main provider of pork to the Philippines during the period.

The EU’s agri-food trade performance remained resilient in the first five months of 2026.

Spain imported 1.82 million live pigs in the first half of 2026, 35.6% less than a year earlier, with sharp declines from all major suppliers.

Global pork production is expected to slow in the second half of the year, while prices are likely remain weak in the short term, according to Rabobank.

In its latest update, the global corn balance has been revised to reflect production cuts in the United States and Argentina, reducing exports and ending stocks, while China is gaining ground as a buyer of Argentine corn and reshaping South American trade flows. In contrast, soybeans continue to show strong growth, supported by robust production in Brazil and the United States—which offsets Argentina's slowdown—with Chinese demand further fueling this momentum by driving soybean processing in Brazil.

China imported 390,000 tonnes of pork in the first half of 2026, while offal imports declined by just 4.8% year-on-year.

New measures seek to protect EU organic food production from unfair external competition and increase consumer trust.

The agreement will improve market access by eliminating most remaining customs duties.

The sector continues to face significant uncertainty linked to the repercussions of the conflict in the Middle East, weather-related risks, animal diseases and persistent trade tensions.

The pace of global meat production growth is anticipated to moderate in 2026 according to the FAO Food Outlook.

Cumulative exports for January–April were down 3% in value, mainly due to lower values of exports of cocoa products and pigmeat.

The latest update confirms a contraction in the global corn market for the 2026/27 crop year: the decrease in harvests in the United States and Argentina far outweighs the gains in Brazil and China, which is also putting downward pressure on exports and global stocks. The most recent projections for soybeans, however, remain optimistic, driven by Brazil and the United States, with global production expected to reach a new all-time high despite a slight reduction in ending stocks.

The United States supplied 30% of Venezuela's agricultural imports by value in 2025, with soybean meal, soybean oil, wheat, and corn leading shipments.

Vietnam has emerged as one of the most dynamic swine-producing countries in Asia, supported by strong domestic demand for pork and the modernization of pig production systems.

Argentina reduces export duties on wheat and barley starting in June and establishes a schedule of reductions for other grains starting in 2027.

While both exports and imports have declined slightly compared to last year, lower import values contributed to an improvement in the monthly trade balance.