Swine news - Nutrition

According to Cepea, the good export pace reflects the negotiations of fixed-term contracts which took place in 2023.

The volume represents a drop of 7.6% from the last season, i.e. 24.2 million tons less to be harvested.

World corn production estimates were lowered by 2.3 million tons compared to the February report. For soybeans, estimates were again cut for Brazil.

Compared to the January report, world corn production estimated saw no significant changes, while international trade figures forecast lower exports for Brazil and a decrease in imports from the European Union. As for soybeans, the forecast for Brazilian production was cut and export estimates increased, which would counterbalance the lower forecast for U.S. shipments.

The European Commission officially adopted a regulation which grants a partial exemption for European farmers from the conditionality rule on land lying fallow.

The European Commission proposes to allow EU farmers to avail of derogations for the year 2024 from Common Agricultural Policy rules obliging them to keep certain areas non-productive.

The Commission has proposed to renew the suspension of import duties and quotas on Ukrainian exports to the EU for another year, while reinforcing protection for sensitive EU agricultural products.

Easier procedure for NGT plants considered equivalent to conventional plants, other NGT plants must still follow stricter GMO legislation.

Compared to the December report, estimates for world corn production were improved, with higher crops forecast for the United States, China, and Brazil. Soybean projections for Brazil were cut again and forecasts for Argentina and the United States increased, keeping the global crop estimate for oilseeds unchanged.

If projections are realized, the volume would decrease by 13.5 million tons compared to 2022/23.

This estimate is based on a study by Emater-MG, which also predicts an increase in the planted area.

The strong retraction of sellers, who remain concerned about the weather and the possible impact on supply in the coming months, has kept the pace slow.

In 2022, Brazil exported US$ 3.14 billion worth of agricultural products to Thailand, with shipments of 5.58 million tons.

Compared to the November report, estimates for world corn production and trade improved slightly, and Brazilian soybean projections were cut.

This year's area is 18% smaller than the last season when the first crop spanned 379,100 hectares.

The pig feed sector was most severely affected in 2023, experiencing a further decline of almost 2.5 million tons.

Compared to the October report, estimates for global corn production and exports were upgraded, with a larger U.S. crop expected. As for soybeans, a slight increase was projected for global production and a decrease in ending stocks.

The rains have helped restore soil moisture in preparation for the new soybean season, which is progressing steadily toward April of next year.

Historic drought impacts soybean production, crushing reaches 18-year lows, leaving Argentina dependent on imports.

For the first time, the complete genome of a non-genetically modified soybean variety has been sequenced, which is key for genetic improvement and to obtain efficient varieties.

Spain's animal feed production reached 37.5 million tons and remains the European leader in compound feed production in 2022.

Compared to the September report, production and export estimates for corn remained unchanged, while for soybeans there was a significant cut in final oilseed stocks.

For soybeans, the country's main crop, estimates show growth in planted area and yields.

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.