Report on the meat sector of Spain was forecasted with more controlled growth

Published 2021년 10월 11일

Tridge summary

The USDA's report on the Spanish meat sector forecasts a continued growth in exports, albeit at a slower pace due to global market uncertainties. The sector is focusing on careful expansion, investment, and market diversification, with a commitment to improve animal welfare and sustainability. Despite challenges such as increased feed and energy costs, the sector is exploring new markets and has seen positive trade balances for live cattle since 2018. However, pork exports to China have decreased due to reduced demand, leading to a drop in pork prices. Despite these challenges, the sector is expected to remain economically profitable and is taking steps to reduce nitrogen and greenhouse gas emissions.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The USDA has published a report on the Spanish meat sector in which it estimates that the growth trend of exports will continue, but at a slower pace due to uncertainties in global markets. In the opinion of its analysts, the Spanish meat sector is committed to a careful expansion of production, investment and the diversification of export markets. With these data, their conclusion is that the strategy of the Spanish livestock sector is focused on further expansion and diversification of export markets The USDA highlights that the Spanish meat sector in general is willing to invest around 4.2 billion dollars, partly through Next Generation funds from the European Union (EU), to improve the animal welfare, sustainability, efficiency and modernize the sector. To achieve these goals, the sector will invest in smart agriculture and technology to increase worker well-being and add value to the animal production chain, from farm to fork, through promotional campaigns. All this to ...

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