Swine news - Economy

China is Vietnam's largest export market for animal feed and raw materials.

Millions of tons of grain pass through the Port of Montreal every year with October and November being peak agricultural export months.

For the first time, Vietnam is the main importer of pork from Paraná, while two new markets (the Philippines and the Dominican Republic), which started buying pork this year, are already among the top 10 destinations.

The highest pork import volume since November 2022 was reached in September, while exports rebounded to 1,500 tons.

In the first eight months of 2024, soybean imports reached nearly 1.45 million tons, worth nearly 754.48 million USD, with an average price of 521.6 USD/ton.

French pig production decreased again in 2023, in line with the decreased pig herd. The pig price remained above €2/kg.

South Africa to import dried porcine hemoglobin from Argentina.

Higher U.S. corn exports were estimated and Chinese corn imports were cut again. Soybean figures remained almost unchanged, reflecting a bumper crop and an increase in ending stocks.

Exports of meat and meat products from Russia increased by 16% in the first nine months of 2024.

The Council discussed the main challenges the EU food chain is currently facing.

The Council discussed its priorities for the future common agricultural policy (CAP) after 2027, in order to ensure a competitive, crisis-proof, sustainable, farmer-focused and knowledge-based sector.

The country's imported wheat volume reached nearly 3.71 million tons, an increase of 20.6%.

So far, 175 pig farms have been bought out with the voluntary exit scheme created by the Flemish government.

Decreased production and apparent consumption are expected, as well as greater dynamism in the international pork trade.

Corn imports in the first eight months of 2024 reached over 6.93 million tons, worth over 1.72 billion USD.

EU cereal production is the lowest in the last decade and the EU oilseed production decreases.

Most main destinations recorded an increase in exports this year with the Philippines, Japan, and Mexico standing out.

EU pigmeat production is recovering in some EU countries indicating a mixed trend for the sector. Lower demand from China could slow down EU exports in 2024 and 2025.

The Italian Ministry of Health announced this following extensive negotiations.

In terms of revenue, this is the second-best monthly result in the entire historical series, second only to July 2024.

If current growth continues until the end of the year, imports could exceed 2 million piglets.

Danish Crown CEO Niels Duedahl has announced a comprehensive organisational adjustment to deal with the financial crisis facing the company.

The reduction in the number of pigs occurred especially in weaners.

According to preliminary statistics from the General Department of Customs, in the first eight months of 2024, exports of animal feed and raw materials reached over 672.84 million USD, down 15.1% compared to the first eight months of 2023.