Swine news - Economy

EU farmers will benefit from the elimination of tariffs on key EU exports such as pig meat.

The European Commission has adopted an amendment to the State aid Temporary Crisis and Transition Framework (TCTF) to prolong by six months certain provisions of the Framework aimed to address persisting market disturbances specifically in the agriculture and fisheries sectors.

Agriculture remains impacted by several events outside farmers’ control, such as climate and geopolitical crises, which continue to exert pressure on farmers.

In the first quarter, Korea surpassed Canada as the fourth-largest export destination for U.S. pork.

The project will provide additional income to farmers and improve the local pork supply.

While the FAO Meat Price Index was up from March, world pig meat prices fell marginally.

Average global wheat export prices stabilized in April. Maize and barley prices increased while sorghum and rice prices declined.

At their annual conference in Munich, the VDF and BVWS attributed this situation mainly to high regulatory pressure, political uncertainty, and rising costs.

The provincial government aims to improve the hog inventory in Iloilo with its sentinelling program in 15 municipalities covering 1,139 farmers.

Consecutive decreases were observed in the first three months of the year.

The growth rate of pork was higher than that of beef and similar to that of poultry meat.

This data shows that Brazil, the third largest global exporter of pork, has great potential for market expansion.

Pig feed production has fallen nearly 7% due to poor market conditions and the uncertainty caused by the nitrogen policy.

FAO's market overview indicates that global pig meat production continued to grow in 2023 while trade fell sharply.

The EC has published the latest monthly trade report showing developments in imports and exports of EU agri-food products in January 2024. According to its main findings, the EU's agri-food trade exhibited positive growth.

MEPs gave a green light to the common agriculture policy (CAP) review to ease the administrative burden for EU farmers.

Compared to the first quarter of 2023, Chinese pork imports have decreased by 53%.

Germany and China have signed two joint statements on the lifting of trade restrictions arising from bovine spongiform encephalopathy and on the export of apples.

What has the hog production situation been like recently in China? What measures have been taken to stabilize hog production?

In its latest report "Livestock and Poultry: World Markets and Trade" released on April 11, the USDA revised its estimates for 2024, forecasting a decrease in world pork production, which would be due to lower production in China, offset by increases expected in the United States, European Union, and Brazil.

The four Protected Designations of Origin have reached an alliance to take action against improper uses of their protected names.

The average first-quarter live pig price is up nearly 10% from the past 3 years.

Danish Crown concedes that its prior utilization of statements regarding climate actions did not meet the standards outlined in marketing legislation.

World corn projections were lowered by 2.4 million tons compared to the March report. Soybean production, trade, and ending stock projections were cut slightly.