December 25, 2024 | 11:31 GMT +7
Hotline: 0913.378.918
December 25, 2024 | 11:31 GMT +7
Hotline: 0913.378.918
This year, EU pork production is reinforced by higher weights at slaughter. EU pork production is forecast to increase by 2.0% in 2024 and decline by 1.7% in 2025.
Record piglet prices tempted breeders to expand their sow stock during 2023. Because of the larger sow herd at the start of this year, the pig crop will rebound in 2024. This cycle is anticipated to reach a new record low in 2025.
In line with the pig crop trend, slaughter is forecast to increase by 0.9% this year and anticipated to fall by 1.7% next year. The trade of live swine plays a minor role in the total swine balance of EU.
This year, EU pork production is reinforced by higher weights at slaughter. EU pork production is forecast to increase by 2.0% in 2024 and decline by 1.7% in 2025. An additional volume of pork is mainly projected to be produced in Spain, destined for exports to EU and third country markets, and in Central Europe, most consumed domestically.
EU pork consumption is slightly increasing in Central and Southern Europe. However, both domestic consumption and exports will not be able to absorb the increased supply. The oversupply of pork is anticipated to increase competition and lower prices. These lower prices could improve the competitiveness of EU pork at the global market.
The Pigsite
(VAN) Vietnam is the third-largest supply source of vegetables, fruits, and processed products for Australia in the first 10 months of 2024, reaching USD 109.68 million, up 35.4% over the same period last year.
(VAN) The Forestry Department reported that the export turnover of wood and wood products reached approximately 16.3 billion USD, while non-timber forest products exceeded 1 billion USD.
(VAN) Vietnam's trade turnover reached nearly USD800 billion, a 15% increase compared to the same period last year, with exports rising by almost 14%, significantly surpassing the target of 6%.
(VAN) The Vietnam Association of Seafood Exporters and Producers held a ceremony to celebrate seafood exports reaching 10 billion USD in 2024, with expectations for better growth in 2025.
(VAN) After Monday, a drier trend sets in for Argentina before rain returns next week. Soymeal is retreating on falling world prices as Argentina is slated to crush a record amount of beans.
(VAN) Cocoa’s rally has soared past all major commodities in 2024, and there’s little sign the tight supply and fragile trading landscape that prompted its near-vertical trajectory are in for a fast fix.
