Swine news - Economy

The German federal parliament passed the draft bill to amend the Renewable Energy Sources Act to ensure the targeted further development of the biogas plant portfolio.

Exports of animal feed and raw materials will reach nearly 1.04 billion USD in 2024, down 13.2% compared to 2023.

The decline was driven by lower international ovine, pig, and poultry meat prices, which outweighed increases in bovine meat quotations.

Wheat export prices dropped very slightly while world maize prices increased.

Exports of U.S. pork eclipsed previous highs in both volume and value in 2024.

Meat production increased for the first time since 2016, after seven consecutive years of declines.

Spain has reached a new high in piglet imports from the Netherlands in 2024.

Under the supervision of Rosselkhoznadzor, the first batch of pork in 2025 has been shipped from Tomsk to Hong Kong.

Ecuador's pig farming sector has shown remarkable growth in recent years, currently meeting domestic demand and aiming for international markets.

MIDAGRI reported that the sector's growth was driven by a 6.8% increase in the crop subsector and a 1.8% rise in the livestock subsector.

The Polish presidency's program considers the EU agenda and key challenges of EU agriculture.

The Nicaraguan Ministry of Agriculture reported a 3.4% increase in national pork production in 2024.

China reduced its pork imports in 2024 while production remained high.

Following a presentation from the Commission, ministers exchanged views on two recently published legislative proposals that aim to strengthen the position of farmers in the agri-food supply chain and respond to some of the most pressing challenges that the agricultural sector faces.

The Council discussed the latest developments in agrifood trade issues, with a particular emphasis on the impact of agrifood trade on EU farmers non-tariff barriers to trade with countries outside the EU.

Despite the economic situation in 2024 and the increase in imports, domestic pork production achieved significant growth, which could be explained, in part, by the strength of domestic consumption, as well as by the gradual recovery of exports. These results reflect the resilience of the pork sector, marking a very positive year-end and promising expectations for the future.

Despite being such a small country geographically, Uruguay has one of the highest per capita pork consumptions in Latin America, with imports making up 80% of its consumption.

EU agri-food trade reached record levels, with exports totalling €21.7 billion and imports at €16.2 billion.

The EU and Mexico have finalized negotiations to modernize their Global Agreement, establishing a more ambitious framework for strengthening their political and economic relations.

The Mercosur-EU agreement could bring about significant changes in the trade of the Argentine soybean complex, which represents 49% of the country's exports to the European market. This agreement, currently in the process of ratification, includes progressive reductions in export duties and elimination of import tariffs, improving access to the strategic European market.

Of the 1.3 million metric tons of meat imported by the Philippines, pork had the greatest import volume at 672,000 MT.

Compared to the December report, there was a significant cut in U.S. corn production and ending stocks, while a larger harvest and lower imports were estimated for China. A decrease in the global soybean harvest and ending stocks was projected, derived from a lower forecast for U.S. production.

Current conditions rule out the possibility of a highly productive season for corn and soybeans, which would need significant rainfall to reverse the negative trend.

In 2025, growth in global animal protein production will be slightly higher, driven by seafood and poultry.