Swine news - Economy

In the first ten months of the year, China imported 89.936 million tons of soybeans.

The countries seek collaboration for animal and plant health, especially in disease control, surveillance, and pest eradication.

Broad-based growth has pork exports poised to set annual records.

From January to September, Russia exported around 200,000 tons of pork worth approximately USD 430 million.

Soybeans, winter corn, and wheat should continue to drive grain production growth.

The region received above-average rainfall in October, but the corn planting window has closed. Thirty percent of the intended area has not been planted. In the absence of significant late plantings, corn in the core region is expected to be half that of last year.

Millions of tons of grain pass through the Port of Montreal every year with October and November being peak agricultural export months.

China is Vietnam's largest export market for animal feed and raw materials.

For the first time, Vietnam is the main importer of pork from Paraná, while two new markets (the Philippines and the Dominican Republic), which started buying pork this year, are already among the top 10 destinations.

The highest pork import volume since November 2022 was reached in September, while exports rebounded to 1,500 tons.

In the first eight months of 2024, soybean imports reached nearly 1.45 million tons, worth nearly 754.48 million USD, with an average price of 521.6 USD/ton.

South Africa to import dried porcine hemoglobin from Argentina.

French pig production decreased again in 2023, in line with the decreased pig herd. The pig price remained above €2/kg.

Exports of meat and meat products from Russia increased by 16% in the first nine months of 2024.

Higher U.S. corn exports were estimated and Chinese corn imports were cut again. Soybean figures remained almost unchanged, reflecting a bumper crop and an increase in ending stocks.

The Council discussed its priorities for the future common agricultural policy (CAP) after 2027, in order to ensure a competitive, crisis-proof, sustainable, farmer-focused and knowledge-based sector.

The Council discussed the main challenges the EU food chain is currently facing.

The country's imported wheat volume reached nearly 3.71 million tons, an increase of 20.6%.

So far, 175 pig farms have been bought out with the voluntary exit scheme created by the Flemish government.

Decreased production and apparent consumption are expected, as well as greater dynamism in the international pork trade.

Corn imports in the first eight months of 2024 reached over 6.93 million tons, worth over 1.72 billion USD.

Most main destinations recorded an increase in exports this year with the Philippines, Japan, and Mexico standing out.

EU cereal production is the lowest in the last decade and the EU oilseed production decreases.

EU pigmeat production is recovering in some EU countries indicating a mixed trend for the sector. Lower demand from China could slow down EU exports in 2024 and 2025.