Swine news - Nutrition

For the first time since 1997/98, Argentina will lose its place as the world's leading exporter of soybean meal and will be overtaken by Brazil.

Due to the increase in soybean exports, encouraged by the Export Increase Program V, the production of oil and other by-products is discouraged.

Following the expiration of restrictive measures on Ukrainian exports to the EU of cereals and other food products, Ukraine agrees to introduce measures to prevent a new spike in imports to the EU.

Contrary to the expected cut in the world corn crop, given the adverse effects of the El Niño phenomenon in the United States, the estimate was slightly higher compared to the August report. As for soybeans, the total projection was again reduced due to the lower production expected in the United States.

Corn and soybean production is expected to be around 103.8 million tons.

From January to August, soybean contracts and final sales fell 44% with respect to the previous year and 50% less with respect to the average from the last six years.

Harvest reached 322.8 million tons. The result reflects both a larger planted area and a better average yield.

Within the framework of the Sectoral Strategic Cooperation Program (SSC) between the Ministry of Agriculture and Rural Development of Vietnam and the Danish Ministry of Environment and Food, Denmark has sent experts to Vietnam to provide technical support and to take samples for quality inspection to certify conformity of imported animal feed at ports.

So far this year, soybean meal exports from Brazil have exceeded the volume shipped from Argentina.

The world corn production forecast was cut by 11 million tons from July's report. For soybeans, crop estimates were reduced by approximately 2.5 million due to lower expected U.S. production.

Global pork markets are being influenced by sluggish economic growth, weak consumption, recurrent disease outbreaks, and productivity issues.

According to the estimate, this result is mainly due to the better performance of second-crop corn crops observed in the field last month.

This corridor, which allows the export of cereals and fertilizers from Russia and the Ukraine, is of the utmost importance to maintain world food security.

In this new update, the projection for world soybean production was cut by more than 5 million tons compared to the June report, due to a lower planted area in the United States. Estimates for corn were slightly higher than in the previous report.

The monthly traded volume of soybeans closed in June 2023 at its lowest level in at least the last six and a half years.

According to Eurostat data, fertilizer consumption in the EU fell by 2% in 2021.

Green Deal: Law to fight global deforestation and forest degradation driven by EU production and consumption enters into force

There were no significant changes in the first update of the crop estimates for the new 2023/24 season, which is why the influence of this update on prices and the general market was virtually negligible.

Exports in May reached 1.3 million metric tons of grains and other foodstuffs. That is less than half of the previous month.

The suspension of import duties, quotas and trade defence measures on Ukrainian exports to the European Union – known as the Autonomous Trade Measures (ATMs) – are in place for another year.

Argentina has doubled its pork production in the last 10 years and in the last 20 years it has increased fivefold.

An improvement of 4.2% over the previous year could be expected.

Soybean production reached a record 15 million tons, with increased planted area and yields.

Due to the decrease in soybean production, Argentina's raw material import needs are increasing in order to keep mills running.