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Page 124 of articles about markets-economics

Mr. Prasit Boondoungprasert, CEO of CPF

PorkPress releases

CPF's Q1 earnings spike 43%, amid expectations of mild impacts from COVID-19

Charoen Pokphand Foods Public Company Limited (CPF) reported Bt6,111 million in net profits in the first quarter of 2020, a 43% increase from the same period last year, due chiefly to ASF causing a significant shortage in pork supply and increasing prices.

FAO Food Price Index

Markets-EconomicsNews

FAO: Global meat price drops again

The FAO Meat Price index registered the fourth consecutive monthly decline.

Markets-EconomicsNews

COVID-19 US: Pork harvest capacity 40% down

According to the NPPC, the United States pork harvest capacity is down nearly 40 percent leaving nowhere for market-ready hogs to go.

Markets-EconomicsNews

Germany suspends the price quote for sows due to COVID-19

The producer organisation VEZG has decided to suspend the sow price quote until June 6.

Markets-EconomicsNews

Mexico expects a significant increase in pork exports in 2020

The Agrifood and Fisheries Information Service forecasts a 20.5% increase in Mexican pork exports.

Singapore opens market to canned pork from Russia

The Singapore market for canned meat and egg products, has been opened to Russia, which will put together a list of exporting companies for approval.

Source: USDA Economic Research Service using data from USDA Agricultural Marketing Service

Markets-EconomicsNews

US hog prices fall sharply in April as COVID-19 constrains slaughter capacity

In late April, nearly one-third of slaughterhouses reduced production or closed, and hog prices were forced prices down 35%.

Germany closes several slaughterhouses due to COVID-19

Vion and Westfleisch have had to temporarily close some of their plants due to COVID-19 infecting their employees.

European exports of pork products (Jan-Feb 2016-2020)

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Markets-EconomicsNews

60% of European pork exports are destined for China

Exports to China are up by 77% and account for 60% of total European pork product exports.

Source: US Pork Checkoff

Markets-EconomicsNews

US pork processing plants are slowly reopening after closures due to COVID-19

Many slaughterhouses are now back online, at least in some capacity, following outbreaks of COVID-19 among employees.

Source: USMEF

Markets-EconomicsNews

US pork exports reach new heights in March

Underpinned by record production, US pork exports completed a tremendous first quarter with new March records for volume and value.

Source: FAO

Markets-EconomicsNews

Overview of global meat market developments in 2019 - FAO

Global meat production fell by 1.0 percent after two decades of steady growth. Global meat exports rose by 6.8 percent – the fastest year-on-year expansion since 2012.

Markets-EconomicsNews

Argentina facilitates efforts to maintain adequate food production

SENASA facilitates deadlines and paperwork required for agricultural producers, thus allowing operations to continue for the entire food production chain during the COVID-19 pandemic.

USDA to purchase more pork as part of its COVID-19 relief efforts

The USDA will purchase an additional $30 million in pork to support pig producers and feed Americans in need.

hog futures

Markets-EconomicsNews

Hog futures trading to begin in China for the first time

The Dalian Commodity Exchange has been approved to carry out hog futures trading.

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Nutritional strategies to alter hog growth, facing market disruptions

Due to the extraordinary disruptions in market flow caused by closed slaughterhouses, IPIC has developed strategies to slow market hog growth during the COVID-19 pandemic.