Page 5 of articles about markets-economics

The Irish pigmeat sector recorded a modest recovery in exports during 2024, despite a highly competitive market environment for pork internationally.

Record-high support for the EU's Common Agricultural Policy, with 70% backing its role in sustainable food and 92% valuing agriculture's future.

The FAO Cereal Price Index in December was relatively unchanged from November. For the year as a whole, the Index averaged 13.3% below the 2023 level.

Thailand's pig production increased last year as the country recovered from African swine fever. Pork imports and exports increased.

By contrast, pig meat prices declined, underpinned by weaker-than-expected consumer demand in the European Union ahead of the winter holidays.

China's grain output reached 706.50 million tons for the first time in 2024.

Exports to China had the largest reduction, explained in particular by reductions in exports of pigmeat.

Compared to November's report, U.S. corn exports are forecasted higher, lowering grain stocks, while global soy output rises, led by Argentina's growth.

The European Commission has released its latest EU agricultural outlook report, which presents the market projections for EU agriculture until 2035.

Of the total 930,000 ha, 70% is in excellent condition and the remaining 30% in very good condition. In fact, 21% already have an almost assured good yield because they have received more than 60 mm in the last 10 days.

The EU Council defines key objectives of the CAP, including sustainability, administrative simplification, and support for small producers.

Now China is in the top three buyers of Russian pork products. At the end of the year shipments there may approach 50 thousand tons.