Swine news - Economy

On Sept. 24, the revised Korea-U.S. Free Trade Agreement (KORUS) was signed by President Trump and South Korean President Moon Jae-in. Under KORUS, most U.S. pork products now enter Korea duty-free.

The stockbreeding activity allows the production of 6.7 million of tonnes of meat (fowl, beef, pork, goat and lamb) per year.

Nine countries have cancelled their Belgian pork imports aftter the detection of five African swine fever positive cases in wild boars.

The use of pig blood for the production of feed for the pig sector has been forbidden.

It is expected that in November a protocol will be signed that will allow the export of Argentinian pork to China.

In Ecuador, the consumption per capita is 10.90 kg, but it reaches 17 and 20 kg in other Latin American countries.

Despite the drop in pork production, the total meat production increased slightly in the first half of 2018 in comparison with 2017.

Exports have increased by 0.6% during the first semester of 2018 in comparison with the same period in 2017.

The deal also means UK exporters can further tap in to the overseas demand for parts of the pig carcass that are not commonly purchased in the UK, such as offal.

U.S. Secretary of Agriculture Sonny Perdue announced that the U.S. Department of Agriculture (USDA) will take several actions to assist farmers in response to trade damage from unjustified retaliation.

As a part of the market diversification policy for the import of agri-food products implemented by the SAGARPA, the first shipping from Spain, with more than 93 tonnes of frozen pork belly without skin, has arrived to Mexico.

Escalating trade tensions between the US and China, and within North America, are expected to greatly impact global pork trade in 2H 2018, according to Rabobank’s latest Pork Quarterly report.

The latest monthly agri-food trade report shows that EU exports remain strong, with €11.2 billion recorded in May 2018.

Pork exports reached 278.3 thousand tonnes in the first semester of 2018.

This region will supply the global market with some 59% of soya beans and sugar, and more than 30% of meat in 2017.

Global meat production is projected to be 15% higher in 2027 relative to the base period (2015-17).

The trade agreement is the biggest ever negotiated by the EU and will create an open trade zone covering over 600 million people.

In 2017, pork consumption grew by 0.3%.

Olive oil, pork, citrus fruits, wine and grape juice, and the 'other vegetables' group stand out as the most exported products.

This fast growth is expected to moderate by the end of the year, due to low prices and struggling exports, to reach a total production of 24 million t in 2018 (+1.5 % year-on-year).

Integrated control system for the gathering of data from multiple sources that allows the carrying out of a general assessment of the farm.

The 10 man companies represent 46.3% of the total share, with a production of 1,764,770 tonnes in terms of live weight.

Among other factors, the decrease in the number of fattening pigs has contributed to this drop.

The latest monthly agri-food trade report shows that the EU exports remain strong at €11.1 billion in April 2018. This represents an increase of 3.7% compared to April 2017.