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Articles
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5160 | Three external markets bought US beef worth $6 billion | South Korea, Japan and China/Hong Kong have increased beef imports this year. | <p>US beef exports will top $2 billion this year in each of three key Asian markets – South Korea, Japan and China/Hong Kong. Korea and Japan are already knocking on the door, with exports through October exceeding $1.9 billion, announced US Meat Export Federation (USMEF) in a press release. October beef exports to Korea increased 13% from a year ago to 21,934 tonnes, while value soared 57% to $212.4 million. Through October, exports were also up 13% to 235,260 tonnes and increased 32% in value to $1.93 billion. This growth included a 50% increase in chilled beef export value ($831 million), with chilled volume up 23% to 71,860 tonnes, despite ongoing social distancing restrictions impacting the foodservice sector. Restrictions were eased in November but have been largely reinstated since the emergence of the COVID-19 Omicron variant.</p> <p>Japan remains the leading volume destination for US beef, with October exports up slightly from a year ago to 23,435 tonnes while value climbed 35% to $198.7 million. Through October, exports were 5% ahead of last year’s pace in volume (269,815 tonnes) and 19% higher in value ($1.92 billion). Growth to Japan included a 15% increase in chilled beef (to 130,551 tonnes), valued at $1.13 billion (up 24%) on continued strong retail demand.</p> <p>Beef exports to China continue to capitalize on the market access gains achieved in the Phase One Economic and Trade Agreement, with October exports up nearly 150% from a year ago to 16,815 tonnes and more than tripling in value to $148.1 million. Through October, exports to China increased more than 500% in volume (154,857 tonnes) and more than 600% in value ($1.26 billion). As China’s largest supplier of grain-fed beef, the US accounted for 10% of China’s imports on a value basis and 6% of import volume. Exports to the combined China/Hong Kong market have already far exceeded previous annual records, reaching 198,409 tonnes (up 114% from a year ago) valued at $1.69 billion (up 135%).</p> <p>In total, US red meat exports are expected to exceed $18 billion this year, of which $10 billion are in beef, said Dan Halstrom, USMEF President and CEO: "Exports will likely reach about $18 billion in 2021, which is a remarkable achievement. While global demand is tremendous and we are cautiously optimistic about further growth in 2022, supply chain pressures are not easy to overcome and are a growing concern for exporters and their international customers".</p> <p> </p> | 1 | Market | 2021-12-21 06:10:18 | 2025-07-04 00:12:32 | Details Edit Delete | ||
5166 | US turkey returns to China after a six-year ban | Whole turkey is making a comeback in the Chinese market after a ban was placed on the product in January 2015 due to a December 2014 outbreak of avian influenza. | <p>After a gap of six years, whole US turkeys are back on the menu in China. Promotional events were in full swing throughout the month of November across China by the US Agricultural Trade Offices (ATO) of the US Department of Agriculture, Foreign Agricultural Service. ATOs and their partners in Beijing, Shanghai, Guangzhou, Shenyang, and Wuhan spotlighted US turkeys (provided by the USA Poultry and Egg Export Council), with recipe ideas at markets, presentations about Thanksgiving dinner traditions and typical side dishes to local shoppers, and a traditional Thanksgiving dinner for key hotel and restaurant interlocutors. These events were designed to increase awareness of the U.S. turkey – and Thanksgiving purchases – with food bloggers and influencers, hospitality managers and hoteliers, regional food importers and distributors, retail market consumers, and even with chefs and culinary schools in China.<br />US turkeys were not available in China because of a ban on U.S. poultry beginning in January 2015, due to a December 2014 outbreak of avian influenza, informs USDA FAS. Since then, China gradually re-opened the market for US poultry producers, starting November 2019 and continuing through 2020, when the United States and China entered into the U.S.-China Phase One Economic and Trade Agreement.<br />Although the agreement stated that American poultry farmers can export more than $1 billion worth of poultry and poultry products each year to China, that limit hasn't been reached yet.<br />According to data released by the USA Poultry&Egg Export Council (USAPEEC), broiler exports to Mexico, Cuba, Philippines, and Guatemala for January through October this year reached an all-time high in both volume and value, while exports to China during the period set a year-over-year record in value. US turkey export value for the ten-month period increased by 12.6% from the same period of last year. And turkey export value to Haiti, El Salvador, and Honduras reached an all-time high. Total egg exports (table eggs plus egg products in shell egg equivalent) for the first ten months of this year increased by 18.5% to 289.1 million dozen. The value of those exports grew by 42.2% to $262.3 million.</p> | 1 | Market | 2021-12-23 06:12:40 | 2025-07-02 20:41:18 | Details Edit Delete | ||
5175 | JBS signs new partnership to secure position in the Chinese market | The world's largest meat producer will have a flagship store on JD.com to respond to increased demand for meat products in online channels. | <p>JBS, the world's largest meat supplier, partnered with JD Fresh, JD.com's fresh food business, marking the Brazil-based meat supplier's first foray into retail business in China. Under the partnership, JBS will launch a flagship store on JD.com.</p> <p>With 220 factories across the world, JBS offers a wide selection of beef products from many countries, such as Brazil, the United States, Australia, and more.</p> <p>Through the partnership, JD Fresh will help JBS connect with over 500 million customers on JD.com, providing Chinese consumers with diverse and high-quality choices of meat.</p> <p>According to JBS, its beef exports to China account for 20%-30% of China's total beef imports, and data from China's General Administration of Customs shows China's meat imports grew by 59.6% YOY, totaling $30.73 billion US dollars.</p> <p>To ensure meat freshness and supply chain stability, JD Fresh will also purchase directly from JBS's factories in Brazil on a regular basis. With JD's cold chain logistics and pandemic preventive measures in place, including the blockchain-based tracing system, JD Fresh strictly controls each step of the process, from packaging, shipping and storage, all the way to delivery. By scanning a QR code attached to the product, customers are able to have easy access to the information on the product origin, customs clearance, distribution date, and more.</p> | 1 | Market | 2021-12-27 11:48:09 | 2025-07-04 01:50:06 | Details Edit Delete | ||
5176 | US meat processors blamed for the rising prices in grocery | "Dominant corporations in uncompetitive markets are taking advantage of their market power to raise prices while increasing their own profit margins. Meat prices are a good example," White House says. | <p>The Biden Administration blames meat packers for rising prices in the grocery segment and noted that beef, pork, and poultry price increases make up a quarter of the overall increase in food-at-home prices last month. In a press release, the White House noted that "November Consumer Price Index data demonstrates that meat prices are still the single largest contributor to the rising cost of food people consume at home. As we noted in September, just four large conglomerates control approximately 55-85% of the market for pork, beef, and poultry, and these middlemen were using their market power to increase prices and underpay farmers, while taking more and more for themselves. New data released in the last several weeks by four of the biggest meat-processing companies—Tyson, JBS, Marfrig, and Seaboard—show that this trend continues. (Other top processors are private companies that don’t report publicly on their profits, margins, or income.) According to these companies’ latest quarterly earnings statements, their gross profits have collectively increased by more than 120% since before the pandemic, and their net income has surged by 500%. They have also recently announced over a billion dollars in new dividends and stock buybacks, on top of the more than $3 billion they paid out to shareholders since the pandemic began."</p> <p><img src="/files/pictures/article/net-income.jpg?1640686318124" alt="net-income" height="100%" /></p> <p> </p> <p><strong>Skyrocketing profits</strong></p> <p>Some claim that meat processors are forced to raise prices to the level they are now because of increasing input costs (e.g., things like the cost of labor or transportation), but their own earnings data and statements contradict that claim. Their profit margins—the amount of money they are making over and above their costs—have skyrocketed since the pandemic, White House noted.<br />"Gross margins are up 50% and net margins are up over 300%. If rising input costs were driving rising meat prices, those profit margins would be roughly flat, because higher prices would be offset by the higher costs. Instead, we’re seeing the dominant meat processors use their market power to extract bigger and bigger profit margins for themselves. Businesses that face meaningful competition can’t do that, because they would lose business to a competitor that did not hike its margins," according to the press release.</p> <p><img src="/files/pictures/article/profits.jpg?1640686354527" alt="profits" height="100%" /></p> <p><br />This created an awkward situation in the US meat market, as meat processors obtained record profits while actually selling less beef than before, as Tyson Foods illustrated in a note for shareholders released on November 15. The company raised beff prices by 35% between the fourth quarter of 2020 and the last three months of 2021. "Here is the bottom line: the meat price increases we are seeing are not just the natural consequences of supply and demand in a free market—they are also the result of corporate decisions to take advantage of their market power in an uncompetitive market, to the detriment of consumers, farmers and ranchers, and our economy," White House said.<br />The Administration has already announced strong actions to crack down on illegal price fixing and enforce the antitrust laws robustly, investments of hundreds of millions of dollars to create more competition in meat-processing, over a billion dollars in relief to small businesses and agricultural workers hurt by COVID, and many other steps to ensure American families, farmers, and ranchers get a fairer shake. </p> | 1 | Market | 2021-12-28 07:09:48 | 2025-07-04 00:21:38 | Details Edit Delete | ||
5180 | <p>Promotional campaigns for EU foods are to start in 2022, under the coordination of Bord Bia, with both EU and Irish food industry funding. Three new campaigns to run from 2022-2024 worth €13.4 million, comprising €9.7 million in EU funding and the remainder from Bord Bia and industry funding. Irish food industry sectors that are to benefit from this set of actions will be:<br />- European dairy - the sustainable choice for Asia in Japan, Malaysia, Vietnam, Thailand and the Philippines (€3.2 million)<br />- Working with Nature - European Beef and Lamb in China, Japan, South Korea and the US (€4.8 million)<br />- Life is better with fruit and vegetables in France and Ireland (€5.4 million of which €1.5 million will be targeted directly in the Irish market).</p> <p>Bord Bia has won the contract to promote EU beef, lamb, dairy and horticulture across Asia, Europe and the US in three campaigns valued at €13.4 million* for the next three years. This comprises €9.7 million in EU funding and €3.7 million from Bord Bia and industry funding.<br />The first campaign, 'European Dairy - the sustainable choice for Asia', will see dairy promoted in Japan, Malaysia, Vietnam, Thailand and the Philippines while the second campaign, Working with Nature - European Beef and Lamb will be targeting trade buyers in China, Japan, South Korea and the US.<br />The third promotional campaign, Life is better with fruit and vegetables, will be rolled out in France and Belgium with partner agencies Interfel, Freshfel and Association Interprofessionnelle de la Banane along with Bord Bia Ireland and is aimed at promoting fruit and vegetables for Millennials (25-40 year olds). This campaign is significant in that along with educating Millennials on increasing their consumption of fruit and vegetables as part of a healthy and balanced diet, the campaign will, for the first time, also provide information on sustainable consumption methods such as waste reduction.<br />Since 2016, the value of Irish food and drink exports to Asia has increased 14% to €1.4 billion.<br />Tara McCarthy, Bord Bia Chief Executive, welcomed the funding and said that Bord Bia`s imprint on the campaign will widen the recognition of Ireland as a secure supplier of safe and sustainably produced beef, lamb and dairy at a time when market diversification in response to the joint impact of Brexit and Covid-19 is strategically important.<br />"This is the biggest sustained investment we’ve made in dairy, and meat across species in third-country markets, and it’s the first EU funding of its kind for the dairy sector,” she said. “A key element in securing this funding is how Bord Bia’s new three-year strategy aligns so closely with the EU’s farm to fork strategy, in that it allows us to focus on linking sustainable production with sustainable nutrition and consumption. This campaign affords us the opportunity to deploy each of these to the benefit of Irish and EU producers.”<br />Starting in 2022, the three EU campaigns will be rolled out across a total of nine market territories between Asia, Europe and the US, each of which will have a specific target audience, product focus and tailored promotional activities. Targeting importers, retailers, foodservice providers, chefs and media outlets, the campaigns will concentrate on digital media, PR, trade fairs, seminars and inward visits to Ireland</p> <p>Bord Bia has already identified the growth potential of Asia for Irish food and drink exports in Japan with the opening a Bord Bia office in Tokyo in 2019 to add to its significant presence in Shanghai and an office in Singapore. The Singapore office is focused on the South and East Asian countries of Indonesia, Japan, Malaysia, The Philippines, Singapore, South Korea, Thailand and Vietnam.</p> <p>The Business to Business (B-2-B) campaign will run for three years (2022-2024) and will build awareness and understanding of food safety, quality assurance and sustainability of European grass-fed beef, lamb and dairy.</p> <p> </p> | 1 | Market | 2021-12-29 09:07:58 | 2025-07-03 04:00:53 | Details Edit Delete | ||||
5182 | Belarus bans meat imports from the EU, UK, USA and Canada | The ban enters in force on January 1st and it will be applied for a period of 6 months. | <p>As of January 1, Belarus will ban the import of food products originating in the European Union, the United States, Canada, Norway, Albania, Iceland, North Macedonia, Great Britain, Ireland, Montenegro and Switzerland for a period of six months.</p> <p>The measure is the result of the reaction to the sanctions imposed by the European Union and other countries. According to the decree of the Council of Ministers of Belarus of December 7, among the products that are prohibited from being imported into Belarus are:</p> <p>live pigs<br /> beef, fresh or chilled<br /> beef, frozen<br /> fresh, chilled, or frozen pork<br /> Edible offal of cattle, pigs, sheep, goats, horses, donkeys, mules or horses fresh, chilled or frozen<br /> meat and edible offal of poultry<br /> fresh, chilled, or frozen meat and poultry offal<br /> pork fat, separated from lean meat and poultry fat<br /> poultry fat<br /> salted, brined, dried, or smoked meat<br /> meat meal or offal<br /> pork fat and poultry<br /> beef, sheep or goat fat<br /> lard-stearin and other animal oils<br /> sausages and similar products.</p> | 1 | Market | 2021-12-30 09:58:09 | 2025-07-03 17:44:18 | Details Edit Delete | ||
5185 | Filipino meat imports rose by 32% | Pig meat is the product that drives this increased dependency on imports. | <p>From January to November, the Philippines has imported 1.1 million tonnes of meat, up by 32% from the same period of 2020. Statistical data showed the country’s meat imports from January to November had already surpassed the full-year volume of 2020 of 894,698.528 tonnes by nearly 22%. Pork is the most imported product in the Filipino market, accounting for 47.73% of the meat imports. Pork imports during the 11-month period more than doubled to 520,932.058 tonnes from 231,140.247 tonnes recorded in the same period of last year, reveals data released by the Filipino Bureau of Animal Industry (BAI).<br />Pork imports have been the main driver of the overall growth in total meat imports this year due to lower tariff rates and expanded import programs implemented by the government to plug the shortfall in domestic supply and arrest rising retail prices. BAI data showed that imports of pork cuts and pork bellies, which are eligible under the government’s minimum access volume (MAV) import program, reached 203,919.572 tonnes and 52,724.742 tonnes, respectively.<br />Pork imports under the MAV are levied with lower rates compared to those brought in outside the MAV or out-quota. Imports of pork offals reached 172,115.363 tonnes, while pork fats reached 59,517.911 tonnes, based on BAI data.</p> <p>BAI data showed that Spain was the country’s top supplier of pork products during the 11-month period: import volume from the European country reached 128,808.305 tonnes. It was followed by Canada at 102,622.342 tonnes and the United States at 64,057.108 tonnes.<br />Chicken meat imports in the 11-month period were steady (375,736 tonnes). Mechanically deboned meat (MDM) of chicken remained as the top chicken product imported in the country, accounting for 57.87 tonnes of the total chicken meat imports. Brazil was the top supplier of chicken meat products to the Philippines, with 136,899 tonnes It was followed by the United States at 134,900 tonnes.<br />The country’s beef imports declined by 19.42% to 148,215 tonnes from 183,958 tonnes; buffalo imports plunged 88% year-on-year to 44,527 tonnes, based on official data.</p> | 1 | Market | 2022-01-03 06:46:14 | 2025-07-01 14:03:36 | Details Edit Delete | ||
5186 | Polish meat exports, up by 6% | For the first 10 months of 2021, exports of Polish agricultural and food products rose by 6.7% year on year. | <p>Poland exported agricultural and food products worth €30.5 billion during the first 10 months of last year. Official data presented by the National Support Centre for Agriculture (KOWR), supervised by the Agriculture Ministry showed that agri-food exports were up by 6.7% compared with the same period in 2020. "The growth of exports resulted from the lifting of restrictions in international trade after the lockdown in the first half of 2021, growing business activity of Polish entrepreneurs, a high level of preparedness of Polish companies for functioning during the coronavirus pandemic, and high demand for Polish food", KOWR informed.<br />The sales of meat and meat products dominated Poland's food exports in the January-October period, reaching €5.7 billion, up by 6%. Over 72% of food export revenues came from sales to EU countries, which in the first ten months of 2021 totalled €22 billion, up by 8% year on year.<br />Germany placed first on the list of Polish food importers (€7.6 billion). It was followed by the Netherlands and France (€1.8 billion each). At the same time, Poland's imports of agri-food products increased by 5.7% year on year to €20 billion.</p> | 1 | Market | 2022-01-03 07:26:20 | 2025-07-01 23:30:24 | Details Edit Delete | ||
5187 | Cured meats have increased sales in Italy | Consumption has grown by 4.1% for the first three quarters of 2021. | <p>Cured meats sales in Italy for the first nine months of 2021 have risen by 4.1% y/y reaching 170,000 tonnes, according to data released by Assica. There are three trends shaping the market, according to the study “The consumption of cured meats in Italy: data, trends and news from the market”: products with protected designation of origin (PDO), made in Italy and environmental protection. Products with protected designation of origin (PDO) have increased their market share by 9.6%, representing represent almost a quarter of the sector's turnover. Also, 'Made in Italy' branded products have increased sales by 18.9%, while "fat-free' labeled products are up by 5.6%. Consumers were also attracted by cured meats that are using recyclable packaging and small or no amount of plastic. Sales of cured meats in discount stores are up by 2.0%, followed by e-commerce (+ 1.3%).<br />Italian household spending also follows a Premiumness path that opens up spaces for product innovation: the Super Premium price range represents 12.9% of the total with an increase of 0.3% in sales, while Mainstream Premium tends to be stable (+ 0.1%) equal to 19.9%. At the same time, low-priced products are also establishing themselves, accounting for 24.9% of the total, with an increase of 0.4%. On the other hand, products in the Mainstream Core segment fell which, despite representing the majority of purchases (42.3%), recorded a decline of 0.8%. </p> | 1 | Market | 2022-01-03 07:58:15 | 2025-07-03 00:37:32 | Details Edit Delete | ||
5194 | The pig meat market in the EU tends to stabilize | Prices have gone up before Christmas and some of the key producing Member States recorded some rise in prices during the weeks before Christmas. | <p>Having fallen for 20 consecutive weeks up to the end of October, the EU average pig reference price started to lift slightly in the run-up to Christmas. By the week ended 19 December, the average price had risen to nearly €133/100kg. Nonetheless, while this is the highest level since the start of October, it is still very low by historical standards. Prices were also low in 2020, and this latest price is actually nearly €4 higher than in the equivalent week the year before, although this is more than €60 lower than two years ago.<br />Falling prices over the summer were driven by plentiful supplies at a time when the export market became more challenging. More recent industry reports suggest that supply and demand are now more balanced, according to Bethan Wilkins, AHDB Red Meat senior Analyst.<br />Most of the key producing Member States recorded some rise in prices during the weeks before Christmas; Spain was an exception and recorded a more volatile price trend. Dutch prices were also more stable. Over the latest 4-week period the largest rises were in northern Europe, with the Danish and German prices both up by about €3. Having previously fallen sharply, Polish prices also recovered more strongly from mid-December.</p> <p>"The UK has continued to see falling prices. This has started to close the price difference between the UK and EU average, which has narrowed from €44/100kg to €37/100kg over the latest 4-week period. Nonetheless, this price differential remains large by historic levels, and so although they’ve increasing, comparatively low EU prices may continue to exert downward pressure on UK prices in very near term", added Mrs Wilkins.</p> | 1 | Market | 2022-01-06 10:24:41 | 2025-07-04 01:02:30 | Details Edit Delete | ||
5195 | US pork now eligible for India | Exporters may enter a "virgin" market that consumed 295,000 tonnes of pig meat last year. | <p>Pig meat consumption in India stood at 295,000 tonnes last year and US pork exporters may access that market from this year on, according to a press release from US Meat Federation Export (USMEF). "After many years of negotiations, India is now open to U.S. pork and pork products. This change is now reflected in the USDA Food Safety and Inspection Service’s (FSIS) Export Library for India," announced USMEF. During the last decade, pork consumption in India has dropped from 354,100 tonnes to 295,000 tonnes.<br />The piggery sector in India is gaining slow but steady momentum. Owing to their fecundity, early maturity, and short generation interval, pigs are an ideal animal for intensive farming. In addition, the initial investment and maintenance is minimal. The majority of the pig population in India is distributed along the central and north-eastern belt of the country. In 2019, Assam, at over two million, had the highest population of pigs in India. Most of the pork consumption is limited to northeastern states like Assam and Nagaland. Consequently, the north-eastern region also ranks high in pork production volume. In 2015, these states in India produced around 117,000 tonnes of pork.</p> <p>India is a net importer of pork. Due to a significant share of vegetarians and Muslims in India, the demand for pork is usually limited to the hotel, restaurant, and institutional sectors (HRI). Most pork imports are in the form of processed meat. In 2018, India imported over 500 tonnes of this meat. On the other hand, the pork exports for the same year were around 270 tonnes, reported Statista.</p> | 1 | Market | 2022-01-06 11:43:53 | 2025-07-04 01:52:50 | Details Edit Delete | ||
5199 | Market profile: Brazil counts for 24% of China's meat imports | The giant Asian market is importing annually meat and meat products worth more than $20 billion. | <p>A recent market report issued by IndexBox shows the big picture of the Chinese meat market. The findings reveal an increased dependency on meat imports and trends in consumption. Here is a summary of the report’s key findings.</p> <p>China’s meat imports soared from $14.7B in 2019 to $23.8B in 2020. In physical terms, the purchases skyrocketed from 4.1M tonnes to 6.8M tonnes. China’s meat imports continue to grow, increasing by +3% over the first seven months of 2021 against the same period of the previous year. Brazil, Spain and the U.S. became the leading meat suppliers to China and recorded the highest export growth rate among other countries. Pork, beef and sheepmeat are the main types of meat supplied into China. Last year, China’s purchases of pork spiked twofold. Imports of beef increased by +26% y-o-y, while lamb and sheep meat supplies fell by -7% y-o-y.</p> <p><strong>China’s Meat Imports by Country</strong></p> <p>Meat imports into China soared to 6.8M tonnes in 2020, picking up by 67% from the previous year. In value terms, meat imports skyrocketed to $23.8B (IndexBox estimates) in 2020, increasing by +67.0% y-o-y.</p> <p>In the first seven months of 2021, China’s meat imports continued to follow an upward trend, picking up +3% in physical terms from the same period in 2020.</p> <p>Brazil (1.3M tonnes), Spain (934K tonnes), and the U.S. (724K tonnes) were the leading suppliers of meat imports to China, with a combined 44% share of total imports.</p> <p>Over the past year, meat imports from the U.S. rose from 0.3M tonnes to 0.7M tonnes. Purchases from Brazil boosted from 0.6M tonnes to 1.3M tonnes, while imports from Spain grew from 0.4M tonnes to 0.9M tonnes.</p> <p>In value terms, Brazil ($5.7B) constituted the largest supplier of meat to China, comprising 24% of total imports. The second position in the ranking was occupied by Spain ($2.7B), with an 11% share of total imports. It was followed by Australia, with a 9.1% share.</p> <p>The average meat import price stood at $3,503 per tonne in 2020, decreasing by -2.6% against the previous year. Prices varied noticeably by the country of origin; the country with the highest price was Australia ($5,371 per tonne), while the price for imports from Canada ($2,494 per tonne) was amongst the lowest. In 2020, the most notable rate of growth in terms of prices was attained by Germany, while the prices for the other significant suppliers experienced more modest paces of growth.</p> <p><strong>China’s Meat Imports by Type</strong></p> <p>In 2020, pork (4.3M tonnes) constituted the most significant type of meat supplied to China, accounting for 63% of total imports. Moreover, pork imports exceeded the figures recorded for the second-largest type, beef (2.1M tonnes), twofold. The third position in this ranking was occupied by lamb and sheep meat (365K tonnes), with a 5.4% share.</p> <p>In 2020, the volume of pork imports grew twofold, while beef purchases rose by +27.6% y-o-y. Imports of lamb and sheepmeat dropped by -7.0% y-o-y.</p> <p>In value terms, pork ($11.9B), beef ($10.2B) and lamb and sheep meat ($1.7B) appeared to be the most imported types of meat in China, together accounting for nearly 100% of total imports.</p> | 1 | Market | 2022-01-07 07:17:25 | 2025-07-03 09:47:02 | Details Edit Delete | ||
5200 | White House is looking for resilience in the supply chain | <p>White House is taking another step to combat what is called " a lack of competition in agricultural markets", with a special focus on the meat market, where large corporations are dictating prices. Biden administration has announced an Action Plan for a Fairer, More Competitive, and More Resilient Meat and Poultry Supply Chain, where independent farmers and ranchers are called to discuss ways to boost competition and reduce prices in the meat-processing industry. The plan will be presented place during an online meeting that the White House said will be held “with family and independent farmers and ranchers to discuss his administration’s work to boost competition and reduce prices in the meat-processing industry, where corporate consolidation has led to rising prices for consumers and lower earnings for farmers and ranchers.” The White House said, “The meat producers will talk about the challenges they have faced as large conglomerates have absorbed smaller processors. The attorney general and the secretary of Agriculture will also attend and explain the steps the administration is taking to increase processing options for farmers and ranchers and to create fairer and more competitive markets. Vilsack will continue his aggressive work to tackle the causes of the higher prices American families have been facing.</p> <p>“The president will explain that under his July Executive Order on Promoting Competition in the American Economy, the administration has been focused on tackling the lack of competition in agricultural markets. A small handful of meatpackers control the majority of the markets for beef, pork, and poultry, enabling them to squeeze farmers and ranchers while also raising prices on consumers.”</p> <p>Antitrust actions remain in focus in the USA. Agriculture remains one of the focal points for the Biden administration on this front, with today’s virtual meeting aimed at discussing the administrations’ efforts to boost competition and reduce prices in the meat processing industry. The officials will listen to complaints about consolidation in the industry while launching a new portal to allow farmers and ranchers to report unfair trade practices by meatpackers.<br />"Dominant corporations in uncompetitive markets are taking advantage of their market power to raise prices while increasing their own profit margins. Meat prices are a good example," White House said in December. In a press release last month, the White House noted that "November Consumer Price Index data demonstrates that meat prices are still the single largest contributor to the rising cost of food people consume at home. As we noted in September, just four large conglomerates control approximately 55-85% of the market for pork, beef, and poultry, and these middlemen were using their market power to increase prices and underpay farmers while taking more and more for themselves. New data released in the last several weeks by four of the biggest meat-processing companies—Tyson, JBS, Marfrig, and Seaboard—show that this trend continues. (Other top processors are private companies that don’t report publicly on their profits, margins, or income.) According to these companies’ latest quarterly earnings statements, their gross profits have collectively increased by more than 120% since before the pandemic, and their net income has surged by 500%. They have also recently announced over a billion dollars in new dividends and stock buybacks, on top of the more than $3 billion they paid out to shareholders since the pandemic began."</p> | 1 | Market | 2022-01-07 08:07:23 | 2025-07-04 01:24:37 | Details Edit Delete | |||
5201 | Chicken meat exports to rise by 2.5% in 2022 | The 13 million tons mark will be surpassed this year, according to the latest forecasts by the US Department of Agriculture (USDA). | <p>Demand for poultry, especially chicken meat will increase this year. According to the latest forecasts by the US Department of Agriculture (USDA), world chicken exports for next year are expected to increase by 2.5%, surpassing the 13 million tons mark. For 2021 the estimate suggests a global volume of 12.9 million tons.</p> <p><br />For USDA, the moderate growth in most of the major markets will allow more significant expansion rates among large exporters. Brazil will be responsible for more than a third of the estimated increase. The growing demand from the European Union, the United Kingdom, East Asia and the Middle East should contribute to Brazilian exports expansion. In addition, a 1% decline in North American exports is already projected. Demand from Japan and China should also favor the expansion of Thailand’s exports, experts are predicting.</p> | 1 | Market | 2022-01-07 08:21:53 | 2025-06-30 21:47:59 | Details Edit Delete | ||
5206 | Hungary expects increased prices for pig meat | Rising costs are forcing producers to upgrade pork prices this year. | <p>Pork prices in the Hungarian market are expected to increase this year, as producers are facing rising costs with feed, energy and labour. According to Tamas Eder, president of the Hungarian Meat Industry Association, prices are going to rise in 2022, although, for now, nobody can tell how much. The pig meat sector has experienced the impact of two viruses in recent years: COVID-19 and the African swine fever virus, Eder said in a radio show.<br />He added that in the first quarter of 2021, demand surged by 25% in the international market for live pigs, after which there was a steady decline in prices until the end of the year.<br />However, feed, energy prices and wages have been rising steadily in the meantime.<br />Eder did not give details of exactly how much he expects the price to rise, telling the radio programme that the price of live pig production as a whole depends 65-70% on the cost of feed, which has increased by 25-30% during 2021.</p> <p> </p> | 1 | Market | 2022-01-10 10:18:34 | 2025-07-04 02:19:53 | Details Edit Delete | ||
5207 | FAO Meat Price Index ended 2021 up 12% over 2020 | A sharp increase in food prices was reported last year, according to UN's FAO experts. | <p>World food prices fell slightly in December as international prices for vegetable oils and sugar fell significantly from lofty levels, the Food and Agriculture Organization of the United Nations reported. The FAO Food Price Index averaged 133.7 points in December, a 0.9% decline from November but still up 23.1% from December 2020. The index tracks monthly changes in the international prices of commonly-traded food commodities. Only the dairy sub-index posted a monthly rise in December.<br />For 2021 as a whole, averaging across the entire year, the FAO Food Price Index averaged 125.7 points, as much as 28.1% above the previous year.<br />“While normally high prices are expected to give way to increased production, the high cost of inputs, ongoing global pandemic and ever more uncertain climatic conditions leave little room for optimism about a return to more stable market conditions even in 2022, ” said FAO Senior Economist Abdolreza Abbassian.</p> <p>The FAO Cereal Price Index decreased 0.6% from November, as falling wheat export quotations amid improved supplies following southern hemisphere harvests more than offset firmer maize prices underpinned by strong demand and concerns over persistent dryness in Brazil. For the full year, however, the FAO Cereal Price Index reached its highest annual level since 2012 and averaged 27.2% higher than in 2020, with maize up 44.1%, wheat up 31.3%t, but rice down by 4.0%.</p> <p>The FAO Vegetable Oil Price Index declined 3.3% in December, with weaker quotations for palm oil and sunflower oil reflecting subdued global import demand that may be linked to concerns over the impact of rising COVID-19 cases. For 2021 as a whole, the FAO Vegetable Oil Price Index reached an all-time high, increasing 65.8% from 2020.</p> <p>The FAO Sugar Price Index decreased by 3.1% from November, reaching a five-month low, reflecting concerns over the possible impact of the Omicron COVID-19 variant on global demand as well as a weaker Brazilian Real and lower ethanol prices. For 2021 as a whole, the FAO Sugar Price Index rose 29.8% from the previous year to its highest level since 2016.</p> <p>The FAO Meat Price Index was broadly stable in December but over 2021 as a whole, the FAO Meat Price Index was 12.7% higher than in 2020.</p> <p>The FAO Dairy Price Index was the only sub-index to increase in December, rising 1.8% from the previous month, as international quotations for butter and milk powders increased amid lower milk production in Western Europe and Oceania. Cheese prices declined marginally, reflecting a preference for Western Europe dairy producers. In 2021, the FAO Dairy Price Index averaged 16.9% higher than in 2020.</p> | 1 | Market | 2022-01-10 10:49:00 | 2025-07-03 18:23:05 | Details Edit Delete | ||
5208 | The decline in EU pig meat exports started before the last quarter of 2021 | Reduced demand from China couldn't be offset by increased demand from other Asian markets. | <p>There is a different picture for EU pork exports at the end of 2021 compared with what happened a year before. Reduced demand for pork in the Chinese market has led to a decline of 16% in volumes shipped outside the block reported for September. 443,000 tonnes of pork were exported in September 2021 and the situation didn't change much for the next 3 months. Looking at fresh/frozen pork alone, volumes were down by around a fifth compared to 2020, totalling 262,000 tonnes. The decline was entirely driven by China, with trade totalling just 90,000 tonnes, not even half of the previous year’s level. "This reflects falling Chinese import demand due to increased production there. There was a slight rise in product going to other Asian markets.</p> <p>Offal exports were also 9% lower at 107,000 tonnes, with noticeably lower volumes to both China (-12% to 60,000 tonnes) and Hong Kong (-86% to 3,000 tonnes). These declines were somewhat offset by increased volumes going to the Philippines (+86% to 11,000 tonnes)," said Bethan Wilkins, senior analyst, AHDB. The year-to-date figures show a different picture, with EU pig meat exports 5% higher than during the corresponding period in 2020 at 4.4 million tonnes. More substantial demand growth from the Philippines earlier in the year, alongside a better trade with China, had previously been supporting volumes. <br />"Philippines trade is more than double the year before across this period overall, totalling 228,000 tonnes. China trade is only down by 9% across this same period overall, totalling 2.1 million tonnes. Looking at the product breakdown, between January and September, fresh/frozen pork has recorded 6% growth overall, while offal trade has only increased by 2%," Mrs Wilkins added.</p> | 1 | Market | 2022-01-11 10:45:54 | 2025-07-02 03:11:06 | Details Edit Delete | ||
5218 | China approves 4 new US meat plants for exports | In 2021, US beef exports to China/Hong Kong surpassed 220,000 tonnes, while pork exports are going to be lower than those recorded in 2020. | <p>Four US meat processing plants gained access to the Chinese market this month. The announcement was made on January 7 by the General Administration of Customs of China (GACC) and is targeting four pork, beef, poultry plants and cold storage.<br />China has become one the most lucrative market for the US meat industry, especially for red meat products. Beef exports to China/Hong Kong are on pace to exceed $2 billion in 2021, according to the US Meat Export Federation (USMEF). Through November, exports to the region nearly doubled from a year ago to 219,264 tonnes (up 98%) and increased 125% in value to $1.9 billion. Direct exports to China, bolstered by greatly improved market access achieved in the U.S.-China Phase One Economic and Trade Agreement, increased more than 400% from a year ago to 172,257 tonnes, valued at $1.43 billion (up 502%). <br />Total pork exports to China will finish 2021 significantly lower than a year ago. But even as its domestic pork production rebounds, China’s demand for U.S. pork variety meat has strengthened, with exports through November up 29% from a year ago to 306,753 tonnes, valued at $746.4 million (up 31%). <br />A decline in China's pork imports was also reported by other major players in the market: the EU, Brazil, and Canada.</p> | 1 | Market | 2022-01-12 07:02:36 | 2025-07-03 23:49:26 | Details Edit Delete | ||
5225 | Unusual situation in the Romanian meat market | Chicken meat prices are well above the most consumed meat in the country, pork. | <p>There is a situation never seen before in the Romanian meat market: chicken meat prices are going up, while pig meat is taking a dive that threatens the swine sector, already brought to its knees by the ongoing African swine fever outbreak. According to Eurostat data, live pig prices in Romania are about RON 5 (€1.00)/kg and €150 per 100 kilos in carcass. Meantime, the average live chicken prices are RON 6 (€1.20)/kg and chicken meat carcass has reached €200/100kg.<br />"For 20 years I worked in promoting meat and meat industry and I never experienced such a twisted turn in prices. It is a reflection of the dramatic situation faced by the swine sector in the country. Currently, Romania imports more than 80% of the pig meat consumed domestically and the national inventory in commercial farms has dropped dramatically. From 14 million pigs prior to the ASF crisis, Romania reported at the end of last year just 2 million swine head in its farms. This is atypical for a market where pork is traditionally the main animal protein consumed", commented Eugen Capra, CEO of CARNEXPO and CARNEXPO Grill.<br />The difference is reflected even in retail, where fresh chicken meat (even dark meat) is clearly competing in prices with the most valuable muscle parts of pork. Inside the European Union, a few years ago, Romania stood as of the Top 10 pig producers of the block. Since 2018, however, the decline of the Romanian swine sector was visible for everyone. A combination of multiple ASF outbreaks and the authorities' lack of interest in solving this biosecurity crisis led to the current situation in the meat market. At the same time, it is worth mentioning that the EU it is facing a time of oversupply in pig meat, as Germany, due to its own ASF crisis, has lost access to some of the most lucrative markets in the world: China, the Philippines, Japan, South Korea. More than 350,000 tonnes of pork have been pushed from Germany to EU member states confronted with huge deficit of pork, such as Romania, Bulgaria and Poland. At the same time, another ASF outbreak reported recently in Italy can create a vertigo effect in the EU pork market, dropping prices to levels never seen in the last decades.<br />Meantime, a constant pressure of Avian Influenza cases reported for the last few years in the EU poultry sector has increased prices for chicken, turkey and duck meat. From 2020 until now, Poland, the most important poultry producer in the EU had more than 400 bird flu outbreaks, France reported 150 outbreaks only this winter, Spain is also threatened by the spreading disease, while Italy culled almost 4 million birds in farms in November-December last year. From this perspective, a rise in poultry prices is not a surprise for anyone. So far, the Romanian poultry sector wasn't hit hard by bird flu spread all over the continent bi migratory birds and that may partially explain the price increase. "To be fair, I think that Romanian authorities may start to worry about the country's food self-sufficiency, especially in the animal protein sector," Mr. Capra concluded.</p> | 1 | Market | 2022-01-14 11:12:08 | 2025-07-03 18:19:57 | Details Edit Delete | ||
5230 | 16% increase in China's meat production | Pig meat is close to pre-ASF levels, while beef and lamb production continues to rise. | <p>The National Bureau of Statistics of China has published data on meat production in 2021, which was 88.87 million tonnes, up by 16.3% from levels reached in 2020. Pig meat production is almost similar to levels reported in 2017, totaling 52.96 million tonnes, up 28.8% from the previous years and just 440,000 tonnes below production figures reported in 2017.<br />Beef production reached 6.98 million tonnes (+3.7%) and lamb stood at 5.14 million tonnes (+4.4%). Poultry meat production was 23.80 million tonnes (+0.8%).</p> <p>Breeding pigs and sow numbers increased by 10.5% and 4.0%, respectively, compared to the end of 2020. At the same time, China reduced meat imports by 5.34%, totaling 9.38 million tonnes, with a clear drop in pork imports due to massive liquidation in its pig farms.</p> | 1 | Market | 2022-01-18 09:24:08 | 2025-07-03 20:20:21 | Details Edit Delete |