News

Brazil and World

Philippines cut import duties and should import 400,000 pork tons

The large deficit in animal protein and the rise in  local cut prices should  stimulate further  consumption of imported pork in the Philippines. The Asian country should consume 400 thousand tons of foreign protein this year and that number is also supported by the reduction in import tariffs, which went from 30 to 5%. Additional volumes up to 200,000 tons will be purchased by the Filipinos at a 15% instead of 40%.
The tariff order, signed by Philippine President Rodrigo Duterte, is valid until June.
The Southeast Asian country is the seventh largest pork importer in the world and faces a protein deficit due to outbreaks of African swine fever. Local prices were pushed up and inflation soared in the country, staying above the central bank annual target of 2 to 4% in the first quarter.
A projection by the Pork Producers Federation of the Philippines indicates that production may take about three years to push production back to pre-ASF levels. Since 2019, more than 400,000 animals have been slaughtered in 5 provinces of the country.
Brazil and World

Argentina should resume exports next week

After a one-month suspension, Argentina is close to clinching a deal with slaughterhouses to partially restart beef exports.
Brazil and World

Global meat production might grow 2.2% in 2021

The Food and Agriculture Organization of the United Nations (FAO) estimates a world meat production of 346 million tons for 2021.
Brazil and World

Booming market and reduced animal supply support beef price

Beef prices remain heated in Brazil and, according to a Farmnews survey, from January 1st to June 10th this year the average price was R$ 306.6 per arroba, a result 53.2% higher than observed in the same period of 2020 (R$ 200.2).