Swine news - Nutrition

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.

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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.

Increased crop production in the United States and Brazil, recovery of harvest levels in Argentina and the European Union.

This new extension will allow Ukrainian grain exports to continue.

Wheat, maize, rapeseed, and sunflower seeds originating in Ukraine may only be transported through Bulgaria, Hungary, Poland, Romania, or Slovakia and shall not be stored in these territories and shall not be purchased for domestic consumption.

The strongest drop in production occurred in the pig sector.

Following temporary bans by several member states on the import of some Ukrainian agricultural products, the European Commission is calling for a common solution.

Cattle, cocoa, coffee, palm-oil, soya, wood, rubber, charcoal and printed paper products are covered by the new rules.

The visit of the Vice Administrator, Mr. Jia Qian, and his delegation was an opportunity to exchange information on grain production and distribution in the countries of the region.

The strong performance is explained not only by an increase in the area planted but also by improved yields. However, the final result still depends on the weather, a determining factor for the development of second and third-harvest crops.

Poland, Hungary, and Slovakia have temporarily banned imports of grain and other agricultural products from Ukraine.

The yield and quality of the 2022/23 crop are excellent in most parts of the country.

Manufacturers saw an overall decrease in the production of compound feed in 2022.

The Black Sea Grain Initiative has been extended but the UN did not specify the length of the renewal.

In Argentina, on the other hand, new downward adjustments in estimates led to a reduction in world production.