U.S. beef exports to East Asia in 2022 are again on record pace after a record year in 2021. Despite economic uncertainties due to the COVID-19 pandemic, continued global supply chain challenges, and a competitive global beef market, U.S. beef exports to East Asia, both in value and volume, were outstanding in the first half [...]
South Korea: Livestock and Products Annual The ongoing revival of South Korea’s food service sector strengthened consumer demand for beef and pork in 2022. This positive trend is expected to continue in 2023 as Korea’s hotel, restaurant, and institutional sectors gain momentum in a post-covid market. However, the pace and scale of food service growth [...]
The United States is the world’s largest producer of beef and its second-largest importer. Imports mostly consist of lean trimmings used for processing into ground beef. These trimmings, which would otherwise go toward rendering or pet food, add value to the U.S. beef supply chain. Beef imports usually follow the U.S. cattle herd cycle where [...]
Canada: Dairy and Products Annual FAS/Canada projects modest growth for milk and cheese production in 2023, as consumption remains stable, and the market is partially supplied by rising import volumes following implementation of Canada’s various trade agreements. Butter production is forecast to grow in 2023, as stocks remain low, depleted by sustained strong consumption. FAS/Canada [...]
China: Swine and Pork Market Interventions Ineffective at Managing Rising Prices Since September 8, 2022, the People’s Republic of China (PRC) National Development Reform Commission (NDRC) has auctioned 127,100 metric tons (MT) of frozen pork reserves as an attempt to curb rising prices. However, despite numerous auctions and other PRC market guidance, domestic prices continue [...]
Angola: Poultry and Products Annual As the economic environment in Angola has improved, Angolan chicken meat imports also recovered, increasing 57 percent in 2021. Post expects 2022 imports will show slight year-over-year growth as well. In 2021, Angola was the world’s seventh largest importer of U.S. chicken meat by value ($125 million). Post forecasts production [...]
Brazil: Poultry and Products Annual Post forecasts production at 14.85 million metric tons in 2023, up three percent due to strong external demand and improved domestic consumption, setting a historical record. Consumption for 2023 is forecast at 9.85 million metric tons, growing two percent. Brazil is expected to continue to be the world’s largest exporter [...]
A performance brilhante do agronegócio brasileiro Valor Bruto da Produção Agropecuária (VBP) de 2022 está estimado em R$ 1.207 trilhão O Valor Bruto da Produção Agropecuária (VBP) de 2022, obtido com base nas informações de agosto, está estimado em R$ 1.207.410 trilhão, com ligeira queda (-0,30%) em relação ao ano passado. Em relação [...]
China: Poultry and Products Annual In 2023, poultry production is expected to remain stable at 14.3 million metric tons. White feather broilers’ share of overall chicken production is expected to increase, while yellow feather broiler production is expected to decline. In 2023, imports (excluding paws) are expected to reach 750 thousand MT from lower 2022 [...]
The following gain reports were released on September 7, 2022 Australia: Livestock and Products Annual Australian beef supply is forecast to make a substantial step towards recovery in 2023 after falling to the lowest level in decades in 2021 and generating only a marginal improvement in 2022. The Australian cattle industry is expected to continue [...]