HAMBURG/LLEIDA, June 14 (Reuters) – Europe’s pork industry faces a “nightmare scenario” of lower prices and falling profitability if China restricts imports from the region, industry executives and analysts said on Friday. Chinese firms have asked for an anti-dumping probe into pork imports from the European Union, state-backed Chinese media reported...
Lean hog futures retreat Chicago Mercantile Exchange (CME) lean hog futures backpedaled on Thursday from a one-week high reached during the previous session, while live cattle futures strengthened, reported Reuters. Hog futures eased after wholesale US pork prices pulled back from a jump on Tuesday. The US Department of...
The last remaining restrictions on EU beef exports lifted South Korea has lifted trade barriers on French and Irish beef, the country’s last remaining restrictions on European Union beef exports, Reuters reported, citing the European Commission on Thursday. This move marks a significant development in the European beef industry, providing access...
China to conduct anti-dumping probe into EU pork imports There is a growing demand in China for high-quality dairy, beef and lamb products from New Zealand, Reuters reported, citing Premier Li Qiang on Friday, the second day of his trip to the Pacific island nation. Li’s trip to the region, which...
China has beefed up efforts on the diversification of beef imports in 2024, with more exporters in countries such as Australia and Russia having been approved to sell beef to China. Chinese observers said the move will help reduce market fluctuations due to over-reliance on any single market, while...
Export value increased 48% to $120.8 million Bolstered by strong foodservice and retail demand, April beef exports to Mexico climbed 46% from a year ago to 21,031 mt. Export value increased 48% to $120.8 million – the highest since December 2020 and the seventh highest on record, according to data...
Export value increased 17% to just under $23 million Beef exports to the Caribbean continued to shine in April, reaching 2,891 mt – up 47% from a year ago and the fourth largest on record, according to data released by USDA and compiled by USMEF. Export value increased 17% to...
Japan will import 1500 tonnes of feed-quality wheat for livestock use via a simultaneous buy and sell (SBS) auction that closed late on Wednesday, Reuters reported, citing the Ministry of Agriculture, Forestry and Fisheries (MAFF). The ministry had sought 65,000 metric tons of feed wheat and 25,000 tons of...
The law is set to come into effect at the end of December The European Union is ill-prepared to implement the bloc’s new law aimed at banning the import of commodities and related goods linked to deforestation, Reuters reported, citing an EU grain trade association on Tuesday. The law, which comes...
Pastureland in Tasmania, and Western and South Australia has dried up Rising input costs and dry weather in parts of Australia during the winter crop planting season have reduced confidence levels among farmers, Reuters reported, citing a quarterly survey by Rabobank published on Wednesday. Australia is one of the world’s biggest...