EU and Mercosur conclude negotiations on new agreement
The EU-Mercosur agreement eliminates over 90% of tariffs but faces challenges due to agricultural and environmental concerns.
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The EU-Mercosur agreement eliminates over 90% of tariffs but faces challenges due to agricultural and environmental concerns.
The growth is principally driven by anticipated demand increases in the Republic of Korea, Mexico, and the Philippines.
The price is not expected to change in the coming weeks, provided nothing extraordinary happens.
Imports of pigs for slaughter increased by 2% between January and September 2024 compared to the same period in 2023.
These are the main findings of the latest monthly agri-food trade report published today by the European Commission.
Pig exports increased in the first nine months of 2024, according to data published by the GPP, provided by INE as preliminary data.
The growth is driven by poultry and bovine demand. Pig meat output is expected to decline.
Between January and September of this year, Chinese imports of pork and offal have decreased by 21%.
In the first ten months of the year, China imported 89.936 million tons of soybeans.
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.
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.
Spain has had three consecutive months of declines, which have resulted in a 14% decrease. Despite this, Spain continues to lead pig prices in the EU. The question is how far these decreases will continue.
The country's imported wheat volume reached nearly 3.71 million tons, an increase of 20.6%.
Corn imports in the first eight months of 2024 reached over 6.93 million tons, worth over 1.72 billion USD.
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.