Argentina: Soybean crushing returns to record highs
Oilseed processing broke records in December and confirms the industry's good performance. Strong demand for corn further boosts corn shipments, which beat wheat exports.
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Oilseed processing broke records in December and confirms the industry's good performance. Strong demand for corn further boosts corn shipments, which beat wheat exports.
The considerable increase in live hog prices during the last quarter was reflected in the increase in consumer prices.
Wheat export prices dropped very slightly while world maize prices increased.
The decline was driven by lower international ovine, pig, and poultry meat prices, which outweighed increases in bovine meat quotations.
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.
The appearance of a case of foot and mouth disease aggravated the fall in the German pig price with direct repercussions on prices in neighboring countries.
By contrast, pig meat prices declined, underpinned by weaker-than-expected consumer demand in the European Union ahead of the winter holidays.
The price of pork has remained well above the cost price throughout the year, with declines from the peak (1.848 euros per kilo in July) being gradual and controlled, allowing slaughterhouses to navigate the autumn with favourable positive margins.
Global wheat, barley, sorghum, and rice prices declined in November while maize prices remained stable.
The EU-Mercosur agreement eliminates over 90% of tariffs but faces challenges due to agricultural and environmental concerns.
The decline was mainly due to lower international pig meat prices.
The price is not expected to change in the coming weeks, provided nothing extraordinary happens.
The growth is driven by poultry and bovine demand. Pig meat output is expected to decline.
Global wheat, maize, and barley prices rose while sorghum and rice prices declined month-on-month.
International pig meat prices fell the most, reflecting increased slaughter in Western Europe amid weak domestic and foreign demand.
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.