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German pig prices are showing signs of bouncing back this week as The EU’s farm ministers agreed to introduce a private storage scheme for pork from regions affected by the dioxin scare.

April hogs closed up the 300 point limit and nearby futures pushed to their highest levels since August.

Throughout 2009 a total of 35.856 tons of pork products were imported, a value of 78 million dollars. The importation of fresh meats represented 75% of total products imported and equals 10% of national production (27.800 tons).

The Government stressed at the meeting that private farming has big potential and should expand production of export-oriented and import substituting products with adequate state support.

The bilateral health veterinary certificate for swine semen was finalized on January 6th, 2011. US swine genetics industry may proceed with shipments to Ukraine.

Speaking at the conference Dr Cathal O Donohue, Head of the Teagasc Rural Economy and Development Programme, said: "2010 was a very good year for Irish farmers with output values up for all sectors and the average family farm income for 2010 is expected to return to 2008 levels, an approximate 40 per cent increase on the 2009 level. Food exports have been very strong, with agri-food exports growing faster than other exporting sectors."

According to data published by the Brazilian Meat Producers and Exporters Association (ABIPECS), throughout 2010 the volume of pork exported was 11,04% less than in 2009, falling from 607,5 thousand tons in 2009 to 540,4 thousand tons last year.

During the past 11 months of last year the exportation of pork meat and pork products from the European Union (EU) increased by 13,9 percent in the period from January –November 2009, reaching 2.455.409 tons.

The ministry said the current tariff of 25 percent on pork used as a raw material for meat processed products will be lowered to zero percent starting this month. A total of 60,000 tons of pork will be subject to the tariff reduction.