Swine news - Economy

With the Chinese market, total Russian pork exports could reach 400-500 thousand tons per year.

In the first nine months of this year, shipments to Vietnam almost doubled going from 35.7 thousand to 69.6 thousand tons.

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

The U.S. Department of Agriculture’s National Agricultural Statistics Service (NASS) has published its Quarterly Hogs and Pigs report.

The Chinese government continues to implement plans to reduce and replace soybean meal in animal feeds.

International pig meat prices fell in December, underpinned by weak import demand from Asia.

While for the year as a whole, the FAO Cereal Price Index was down 15% from the 2022 record annual average, international rice prices were up 21% annually.

Breeding sow population stabilizes.

At present, the total installed capacity would allow close to 2.3 million pigs to be slaughtered in a month for an 8-hour shift.

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.

The number of pig farms has fallen 35.0% since 2013.

The proposed extension of reduced tariffs will help ensure an adequate supply of agricultural commodities and maintain stable and affordable prices.

China's economy continued to recover in November.

Director General of the National Union of Pork Producers, Yuri Kovalev, predicts Russia will export 250 thousand tons of pork this year.

In addition to imports from the United States, 16,100 tons from Chile and 17,900 tons from Brazil have been imported so far this year.

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

Santa Catarina is the largest producer and exporter of pork in Brazil.

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.

Pig slaughter was up 0.5% year-on-year and 2.9% in the quarter.

The medium-term outlook for the EU's pig meat market from now until 2035.

U.S. pork exports posted another strong performance in October, led by record-large shipments to Mexico and broad-based growth elsewhere.

Pig meat prices were down due to persistent sluggishness in import demand in Asian markets and ample exportable availabilities in some exporters.

International prices of coarse grains fell the most, dominated by a sharp fall in world maize prices.