Recent figures have shown that Parma Ham ended last year with a production of approximately 8,462,000 hams, with the UK being an important market for the Protected Designation of Origin (PDO) product. The UK held 12.4% of the total exports in 2015 with a turnover of £27.8 million, just below the USA, Germany and France. Notably, pre-sliced Parma Ham made up 84.7% of the total sales in the UK, with almost 18 million packages sold last year. The UK was the first export market for pre-sliced Parma Ham. Vittoria Capanna, president of the Parma Ham Consortium, said: “Our export is very positive. The strategic choice to focus on a balanced development is proving. Read more...
Global pig meat production is forecast to decrease by 1 per cent on the year to 109.3 million tonnes in 2016, according to latest global outlook report from the USDA. Furthermore, the latest forecast is 2 per cent lower than October’s estimate as the outlook for the world’s largest pig meat producer, China, has changed. Having predicted an increase year on year in October, USDA now forecasts a decrease of 3 per cent year on year, to 53.5 million tonnes. The reduction in output is thought to be due to poor producer profitability last year, a slowdown in China’s economic growth and issues surrounding its environmental regulations. EU pig meat production. Read more...
The European pig slaughter market still does not gain momentum. Agricultural producers still need to content themselves with the very low price level achieved so far. Almost all EU member countries show unchanged quotations. The reason given sounds the same from most all sides, basically: the meat market leaves a lot to be desired. On the one hand price-boosting arguments are missing across borders. On the other hand, the price increase which had been discussed about and waited for in Germany failed to appear. The Spanish quotation as well has not yet been able to start the seasonal rally as a consequence of sufficient quantities on offer and despite vivid. Read more...
The 2016 forecast of total red meat and poultry production is raised from last month as higher expected cattle slaughter and heavier carcass weights more than offset a lower pork production forecast. The Quarterly Hogs and Pigs report, released March 25, estimated that growth in pigs per litter in the first quarter was slower than expected and that producers expected to farrow fewer sows in March-May than previously intended. Coupled with slower-than-expected first quarter slaughter, forecast pork production is reduced. No change is made to broiler and turkey production. The beef import forecast is raised and the export is reduced from last month based on recent trade. Read more...
Ukraine’s largest pork producer APK-Invest earned UAH65 million ($2.5m) of net profit in 2015, compared with UAH103 million ($4m) of. Read more...
Trade of All Meats to Expand in 2016 Beef and Veal: Global production is forecast at 59.0 million tons, up modestly from the previous year. Herd expansion in the United States, India, and Brazil will offset lower production in Australia, Argentina, and Russia. Brazilian production is expected to rebound strongly as a weaker real and market access improvements fuel exports. However, economic instability and weak domestic demand remain risk factors. Australian production is forecast to decline for a second year as producers rebuild herds after an extended liquidation period. Pork: Global production is forecast down 1 percent to 109.3 million tons as declines in. Read more...
The main challenge in global markets remains: balancing the supply glut in the US and the EU with Chinese import demand, according to the Rabobank Global Pork Quarterly Q2. Albert Vernooij, the bank's animal protein analyst, said in the press release aboutthe quarterly update, "Stalling supply and strong import demand in China will support the recovery of the global pork market above the expected seasonal improvement in Q2 2016. It will result in a higher-than-expected recovery of theRabobankfive-nation hog price index, which will support pressured prices across the globe and will be particularly welcome in the EU." China: bullish market. Read more...
As China’s economy drops down to single-digit growth, the global production of pork is expected to decline in 2016, according to data from the US. Read more...
Prices for poultry feed in Russia jumped nearly 20% in 2015 reaching an absolute record and look set to continue rising this year, according to official data from the Russian State Statistical Service. Concurrently, prices for poultry meat and eggs are feeling the pressure of oversupply and together these trends most likely will cut poultry profitability in the country. Poultry feed prices The average price of broiler carcasses in Russia in February of 2016 amounted to RUB 118 (US$ 1.79) per kg, which is 5% lower than the same time last year. Meanwhile, the price of poultry feed during this period rose from RUB 15,786 (US$240) to RUB 17,599 (US$267). Reports. Read more...
Russia and the Philippines are prepared to increase bilateral trade in agricultural products, Russia's Agriculture Ministry said after a meeting between Deputy Agriculture Minister Sergei Levin and the deputy agriculture minister of the Philippines, Dennis Guerrero. They discussed the current state and prospective areas of cooperation between the two countries in agriculture, including development of trade, providing access for agricultural products to the markets of Russia and the Philippines, as well as technical cooperation. Read more...
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