Page 175 of articles about markets-economics

The Council acknowledges the importance of a well-functioning food supply chain and expresses concern about the vulnerability of farmers in this context, despite multiple efforts to improve their situation.

Pigmeat production is now expected to expand only marginally (by less than 1.3 % by 2026 compared to its 2016 high levels).

In 2016, the livestock and fowl production for slaughter increased by 5%, reaching more than 14 million tonnes in liveweight.

The exports of Spanish pork and processed pork products recorded, between January and August, an invoincing of €2,885 million: +15,3% in comparison with the same period in 2015.

Hog prices will continue to reflect very large supplies of slaughter-ready animals. Average fourth -quarter live equivalent prices for 51-52 percent lean animals are expected to average $34 -$36 per cwt, almost 22 percent below a year ago.

Between January and October 2016, pig production for slaughter in the Russian farms has grown by 13.5% in terms of liveweight.

The new work team will strengthen the competitiveness of the pig sector and will monitor that the imports fulfil the same requirements imposed on the national producers.

Romanian swine inventories have been on a continuous downward trend since 2010, falling by 8 percent in five years.

President Putin wants to extend Russia's ban on Western food imports as long as possible in order to help local producers.

European farmers eligible for direct payments will receive as from 1 December 2016 an additional €435 million amounting to the unused crisis reserve.

The 1.8% decrease in EU agricultural output can be mainly attributed to a marked fall (by 5.5%) in the value of animal production, due to steep falls by 14.4% for milk and by 6.5% for pigs.

The European Commission and the European Investment Bank Group are preparing a joint financial instrument to combine rural development funding with the European Fund for Strategic Investments.

Danish Crown’s management presented a new strategy which includes an extremely ambitious objective. The settlement price paid to Danish pig producers is to be raised by a further DKK 0.60 compared to an EU index for settlement prices which Danish Crown has exceeded by more than DKK 0.20 in the past year.

During the third trimester of 2016, the food and agriculture sector has made exports for some USD22,000 million.

Production of pork in 2016 is expected to decrease by 6 percent as a result of the lower swine inventories.