Record value of EU agri-food trade in November 2022
Monthly EU trade flows of agricultural and food products reached a new record value in November 2022.
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Monthly EU trade flows of agricultural and food products reached a new record value in November 2022.
High feed grain prices are expected to impact slaughter numbers and pork production in the latter part of 2023.
China's decision to end its zero-COVID policy restrictions is expected to improve demand for pork products in 2023. Pork production and imports are forecast to grow in 2023.
Over the course of 2023, pork production, exports, and consumption are expected to decrease while imports increase.
The increase in pork production strengthened domestic supply and is reportedly responding to the increase in demand, with per capita consumption around 20 kg/inhabitant.
Robust supply and demand favored by competitive consumer prices positioned per capita pork consumption at 13 kg/inhabitant in 2022.
In 2022, France's pork exports decreased in volume and imports increased.
The figures for 2022 indicate strong domestic demand for pork, which boosted domestic production, imports, and consumption.
This year's first stockpiling work for state pork reserves is underway.
Canada and Mexico have recognized the two national organic systems as equivalent.
There was a strong increase in pork consumption, which was supported by the increase in domestic production and the decrease in international trade in both imports and exports.
According to Rabobank's report, "Global Pork Quarterly Q1 2023," supply is expected to be tight in the first quarter, with consumption facing uncertainty. Global pork trade will likely be limited. Rising inflation and high stock accumulated in 2022 will pressure import needs.
These are the main findings of the latest monthly agri-food trade report published by the European Commission.
Production and export estimates for Brazil were revised upward, while import volumes for Mexico were revised downward.
In its latest "Livestock and Poultry: World Markets and Trade" report from January 12, the USDA revised the closing figures for 2022 and its estimates for 2023, forecasting an increase in world pork production for this year thanks to an increase in China's domestic supply.
Corn production is again forecast lower due to further declines in the U.S., Argentine, and Brazilian crops. For soybeans, a 4 million ton reduction in the Argentine crop is expected due to drought conditions affecting crop yields.