FAO cereal price index up in October
Global wheat, maize, and barley prices rose while sorghum and rice prices declined month-on-month.
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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.
Decreased production and apparent consumption are expected, as well as greater dynamism in the international pork trade.
After declining for three consecutive months, global wheat prices increased in September. World maize prices also increased.
World pig meat prices were unchanged, with global supplies adequately covering increased demand.
September is ending, leaving behind a trail of staggered decreases in the pig price in Spain. This is nothing new; many years tend to be like this.
In total, 2,483199 head were slaughtered and approved for consumption in the first half of 2024, 0.15% more than in 2023.
Argentina regains ground in the global soybean meal market, overcoming the effects of the 2023 drought. Consolidation of the sector is essential to maintain global competitiveness.
Global wheat and barley export prices fell month-on-month while maize, sorghum, and rice prices increased.
World pig meat prices decreased for the second consecutive month due to lackluster import demand.
Corn could suffer a year-on-year decrease of 21% in area, representing 2 million hectares.
We have embarked on the path of decreases in the price of pigs. The drop in the price of pork is causing and will cause this sharp decline.
Consumption is falling except in Germany and Italy. This trend is explained by food insecurity and ready-to-eat products.
Planting intentions fell 30% compared to last year in the region. Fear of the lack of rains in September, La Niña, leaf hoppers, and the lower harvest price explain the drop.
The Spanish pig price has remained unchanged for weeks, but the apparent tranquility of the market is only superficial...