Swine news - Economy

Production volume of cooled or chilled beef, pork, lamb, goat, and horse meat from January-October 2020 increased by 11.4% compared to the same period in 2019.

From January to September, the production of slaughter pigs increased by 10.4% compared to the previous year and amounted to 3.9 million tons (live weight).

Legislation setting out how farmers and land managers in England will be rewarded in future with public money for “public goods” passes into law.

Following recognition of the equivalence of the Spanish inspection system for pig meat and offal, Spanish establishments are able to export these products to Peru.

The surplus in the agrifood product trade balance increases in Mexico. Pork was one of the products with the highest international demand.

Pig farmers in China are actively restocking their farms and expanding operations following African swine fever outbreaks.

Hog slaughter in Canada is up slightly from 2019 while exports have increased 18% year-on-year in the first three quarters of 2020.

Exports of pork and pork products have increased by 19% between January and August. China remains the main destination.

China continues to see growth in pig and sow census, improving the country's supply and demand balance.

The FAO forecasts global coarse grains and oilcrop production in 2020 to increase to record levels.

This evaluation assessed how efficient, effective, consistent and relevant the legislation is, and whether it usefully supplements national efforts.

The positive net trade balance remained boosted by continued strong exports of pig meat, wheat and coarse grains.

The United Kingdom imports 60% of its pig meat. This has implications for both how the market responds to coronavirus related national lockdowns and the upcoming end of the Brexit transition period.

An expected drop in pig meat production, mostly in Asia due to ASF, is responsible for much of the foreseen 0.5% downturn in global meat production in 2020.

China has stopped imports from Danish Crown's slaughterhouses in Sæby and Horsens.

Pork prices fell due to the drop in prices of German products.

The total amount of pork imported during the first 9 months of this year has reached 3,280,000 t.

The agency will support the competitiveness and sustainability of the pork sector by enabling the development and implementation of promotional and research activities.

Through the first three quarters of the year, United States pork exports were 16% ahead of last year’s record pace in both volume and value according to USMEF.

Tariffs on pork will be cut from 12.5% to 0%.

As Canada's plant-based food industry grows, the Government is working to provide greater clarity on the regulations that apply to meat and plant-based substitutes.

Portugal continues to expand its swine sector driven by increasing foreign demand, mainly from Asia. Portuguese live swine exports to Spain have boomed due to tight Spanish hog supplies.