W48: Weekly Pork Update
Global
Global Pig Meat Exports Expected to Be 11% Lower This Year
Total pig meat exports in the world are forecasted to amount to 11.3 million MT in 2022, down 11.3% from last year, according to the FAO's Meat Market Review, emerging trends and outlook 2022. This reduction in total exports is driven principally by a nearly 45% anticipated decline in sales by China, limiting overall pig meat imports to 2.7 million MT, accounting for around 24% of global trade, although much lower than the 45% level in 2020. This year’s decline is principally due to lower imports in the first half of the year amid abundant domestic production and low internal prices. However, pig meat imports could surge in the latter part of the year, as domestic prices are seen rising from April. Despite rising prices, producers appear to have lowered replenishment of sow herds due to unfavourable market conditions also leading to higher import needs in the months ahead. These lower purchases by China could have a cascading effect on four of the top pig meat exporters, namely the European Union, the United States, Canada, and Brazil, resulting in lower shipments, despite efforts to increase exports to other markets, mainly in Asia. In Vietnam, a production increase for the third consecutive year is likely to result in a decline in imports. Weak internal demand may lead to pig meat import contractions in Canada and Chile.
Europe
European pork exports from January to September
EU pork exports during the first nine months of this year are 18.2% below those recorded in the same period last year (3,917,697MT vs. 4,787,623MT). Exports below 4 million MT have not been seen during the first 9 months of the year since 2018. China remains the main destination, although its share in total exports has halved, from 2,173,489MT between January and September 2021 to 1,062,955MT for the same period this year. China is followed by the United Kingdom, Japan, the Philippines and Korea as the main destinations, for which its share has been increasing. Exports to these main destinations during the first nine months of this year increased YoY (Japan +30.8%, Philippines +34.8% and Korea +52.2%), while they decreased to China (-51.1%) and the United Kingdom (-10.2%).
EU Pig Prices Continue to See Pressure
EU deadweight pig prices have continued to see price pressure over the past four-week period, with the average for the week ending Nov. 13 sitting at 172.81p/kg (€197.62/100kg), according to a recent AHDB report. Average prices across key producing countries for the most recent four-week period have all declined, with the exception of the UK, which has held over the period. The largest declines have been seen across Germany and Poland, down 12.72p/kg and 11.08p/kg respectively. Denmark saw the smallest decline, with prices dipping only 1.68p/kg. Continental prices remained at a discount to the UK price through the four weeks, although movements in sterling continue to affect EU prices. In the week to Nov. 13, the discount ranged between 23p/kg and 51p/kg. In the latest week (week ending Nov. 13), prices have seen slight increases across key markets with the exception of France, which has seen a 3.62p decrease. Across the EU 27 average, there has been a 1.36p/kg uplift in price, with Poland seeing the biggest price increase on the week, up 3.36p/kg.
Pork Prices Increase in the North, Stability in the South
A reversal of the situation took place on the European markets, more precisely in northern Europe where increases in pork prices were recorded: Germany + 5 cents, Austria + 5 cents, Netherlands + 6 cents, Denmark + 2 cents, Belgium + 4 cents per live kilo. These increases in the price of pork occur in a context of renewed demand, particularly from the processing sector, which is bustling to fulfil orders linked to the end-of-year celebrations. The supply-demand imbalance is all the more marked as these countries have seen their pig production drop sharply for months. In southern Europe, where the declines in production are less pronounced, it is the stabilisation of pork prices that seems to prevail. In Spain, the sector is experiencing a totally unprecedented situation with offers that are still lower than demand. On the one hand, slaughterhouses are looking for pigs to cover their production costs and production has been suffering for many months, the consequences of health problems. The weights that have increased considerably in recent weeks are now moving at a more moderate pace. The country will experience 2 public holidays at the beginning of December which will result in the equivalent of a reduction of half a day of slaughter, which should prolong the market balance. It is after the holidays that the situation on the supply market is likely to get really tight.
Spain
The Iberian Pig Sector Is Left Out of Aid for the War in Ukraine, According to COAG Andalucía
The Iberian pork sector of COAG Andalucía denounces that one of the most important meat sectors for the Andalusian Dehesa is left out of the exceptional aid "M22" that the Ministry has articulated to compensate for the economic adversities caused by the invasion of Ukraine by Russia. After the publication of the call for the M22 on November 24, COAG Andalucía has confirmed with disappointment that family farms of Iberian pigs have been excluded, once again. It so happens that even with sows included, these small farms, which are numerous mainly in the Sierra de Aracena and Picos de Aroche, are left out because they do not reach the minimum of 15 breeders per farm. The rise in pig feed prices has been taking place since last year, although it has increased (around 30%) after the Russian invasion of Ukraine. Energy and fertilisers are also adding to this upward trend that has triggered production costs, not to mention the drought suffered by the Andalusian region. The value of the pasture and its high maintenance cost is not being supported by the administration. Proof of this is that the extensive Iberian pig has not had direct access to any of the aid aimed at the livestock sector, neither because of the pandemic, nor now because of the war in Ukraine, nor the drought aid that was published jointly with the M22 last Thursday. The extensive Iberian pig is a sector closely linked to the land and that contributes decisively to the environmental conservation of the Dehesa, a delicate ecosystem and declared by the European institutions as of "high natural value" (HNV agricultural systems). The pigs in the pasture are managed with reduced stocking rates, respecting the environment that welcomes them and making the most of the capacities of this territory, pastures, acorns, and more. COAG Andalucía requires the Ministry of Agriculture of the Junta de Andalucía to modify the M22 call to include small extensive Iberian pig farms as a beneficiary sector of these aids. Otherwise, many of the farmers whose profitability was already affected, will not be able to overcome this new episode, since they are not able to transfer the increase in production costs to sales prices.
Pork Exports to Third Countries Recover in October
In the month of October, Spanish pork exports to third countries grew by 0.2% compared to the same month of the previous year, as reflected in the latest report published by CEXGAN on animal exports corresponding to the month of October 2022. Although meat exports from Spain have recovered compared to the month of September, they are still 4.3% lower than in the same month of the previous year, with a total of 147,225MT. In the accumulated year, from January to October, 1,506,314MT of meat and meat preparations have been exported to third countries, which is 18% less than in the same period of the previous year. By subsector, only pork meat and preparations have increased their exports in October, by 0.2%. The rest of meat products exported less than the same month of the previous year: meat and beef preparations, -33% ; sheep and goats, -7.6% ; those of birds, -43% ; and other meats and preparations -19%.
The Decrease in Spanish Pork Exports Slows Down
From January to September of this year, Spain exported a total of 1,359,089MT of meat and meat products outside the European Union, of which almost 90% were pork. Exports of pork meat and products reached 1,211,178MT, which represents a 19% decrease compared to the same period last year. Although this decrease is slowing down, which we can see by comparing the data from the first half of the year, in which the percent decrease compared to the same period in 2021 was -24%. China remains the leading destination, but exports to this country have decreased by 53.4%, while exports to the Philippines (+61%), Japan (+57.4%), South Korea (+62.9%), and the United Kingdom (+49.9%) have increased.
United States
Lean hog futures on the Chicago Mercantile Exchange (CME) firmed on Dec 2, erasing the week's earlier losses as smaller supplies of market-ready hogs offset seasonal pressure, reported Reuters. The CME February lean hogs contract added 3.850 cents to 89.200 cents per pound, a 4.5% daily gain. The nearby December hog contract formed 0.225 cents to 83.125 cents per pound. Processors slaughtered 492,000 hogs, up 9,000 from the same week a year ago. The CME's lean hog index, a two-day weighted average of cash hog prices, fell 32 cents to USD 83.89 per cwt.
Germany
Another Big Pig Price Increase in Germany
Price increases in Germany have increased markedly for the second week in a row. After last week's increase of 5 cents, the same increase in prices was observed on Nov 30. The session of a large stock exchange ended with a result of USD 2.10/kg (EUR 2.00) of half-carcass with a meat content of 57% (equivalent to our E-class). Converted into the national currency (according to the euro exchange rate from November 30 - 4.67), the German price is currently USD 9.81/kg (EUR 9.34). In domestic purchases at the beginning of the week, the rates were USD 2.11/kg (PLN 9.41) of fattening pigs in class E, and USD 1.63/kg (PLN 7.26) of live pigs. November's 30 hike will certainly affect prices in the country. The last weeks have also been a period of dynamic rebuilding of livestock purchase rates. Analysts are wondering, however, whether the increase in prices will catch up with the increases in the prices of inputs, so that production is finally profitable.
Netherlands
Pig Farmers Are Not Doing Well
Of all livestock farming sectors, pig farmers face the most headwind according to ABN. Just as in dairy farming, poultry farmers also saw the margin increase, but this is not the case in pig farming. The increased yield prices do not outweigh the sharply increased feed prices. The bank also refers to energy and wage prices. Companies that have invested in solar panels in recent years are now experiencing a cost advantage. The market will also remain uncertain next year, the bank expects. This is partly due to the threat of African swine fever, which is currently dominant in Eastern Europe in particular. The bank also foresees a further contraction of the pig farming sector, but does not see this as a direct prelude to higher prices. There will be a stronger dichotomy between the newer and older pig farms next year. This dichotomy may be reinforced by government purchase schemes. The bank is also positive about entrepreneurs who have organised sales through concepts.
Decrease in the Number of Pigs and Pig Farms
In 2022 there were 11.3 million pigs in the Netherlands. That is the lowest number in almost twenty years. Compared to ten years ago, the number of farms with pigs has decreased by 45% to 3,273. The number of pigs was more than 12 million for years. As of 2020, it was just below that. The decrease in the number of pigs and pig farms is partly the result of the cessation scheme Action Plan Ammoniak Veehouderij and the Subsidy Scheme Restructuring Pig Farming (SRV), according to Statistics Netherlands.
Brazil
Migration From Beef to Pork Favoured Consumers in October
Research carried out by the Institute of Agricultural Economics in several establishments in São Paulo showed that the amounts paid for the purchase of a kg of beef and pork had dropped among consumers. As pork had a smaller drop in relation to beef, there was an improvement in the amount of pork purchased by the population with the expenditure necessary to acquire a kg of beef. The ratio shows that, in October, with the amount spent on the purchase of one kg of beef, the consumer was able to purchase 1.844 kg of pork, increasing the amount by 4.6% compared to the same period last year, when acquired 1.703 kg. In the first 10 months of 2022, the ratio reached 1.825kg, equivalent to an annual increase of 12.3%, while in the last twelve months, November 2021 to October 2022, the average ratio reached 1.804kg, meaning growth of 12.5% compared to the immediately preceding period.
Pork Continues to Show a Much Lower Evolution Than Other Animal Proteins
The price evolution of animal proteins in the São Paulo market from January 2020 indicates that pork continues to show the lowest growth rate over the period. Monitoring carried out by SuiSite indicates that last October, pork meat grew by just 18.8%, while beef and chicken grew by 51.8% and 57.1%, respectively. The increase in eggs, in turn, reached 64.4%. Had it at least accompanied the evolution obtained in beef, the average price of pork would have reached USD 5.56 (R$28.96) in October. However, it only reached USD 4.43 (R$22.37), benefiting consumers. As a result, pork has been a great option for consumers, helping to increase per capita consumption.
Mexico Is the Newest Meat Market
The announcement of the opening of the Mexican market for Brazilian pork could contribute to reducing the supply of the product on the domestic market and stimulating prices. Throughout 2022, pig farming in Minas Gerais faced the challenge of high costs and insufficient prices to guarantee profitability. A kilo of live pigs is traded, on average, at USD 1.40 (R$ 7.30) in the state, a value that equals costs. The opening announcement was made by the Ministry of Agriculture, Livestock and Supply (Mapa).
Daily Average Live Hog Price Performance During November 2022
The consumption of pork meat did not show enough dynamism to provide pig farmers with the opportunity to compete for better marketing conditions in the closures carried out with live pigs during November. The period had 2 holidays until the end of the first fortnight and, also, 2 days of the second fortnight that were negatively impacted on the slaughter and on the movement of the product for the games in Brazil in the soccer world cup. The corollary was the maintenance of the average price throughout the month, meaning a positive index of 17% on the first day of business and ending the period with a value 6.8% below the value received on the last closing day of November last year. Even so, the average price for the month reached an increase of 1.3% over November last year. As a result, the barley market was unable to keep up with the history of the last 12 years, which points to good price developments over the course of the month. In any case, pig farmers were able to sustain prices unchanged.
MAPA Expects Brazilian Meat Production to Grow 23% In a Decade
Total meat production in 2021/22 is estimated at 28.5 million tons and the projection for the end of the next decade is to produce 35 million tons of the three main meats. This variation between the initial year of the projection and the end results in an increase in production of 23%. The increase in chicken meat production in the period is projected at 25.6%, pork at 29.1% and beef at 14.9%, to 19.1 million, 6.2 million and 9 .7 million tons, respectively.Regarding consumption, chicken will increase in the same proportion as production (2.4%), pork slightly less (2.3%) and beef 0.6% per year.
Meat Export Performance in Brazil in November 2022
As for a long time, the best result was beef, whose shipments increased by more than 83% compared to November 2021, reaching close to 250,000MT. Pork meat recovered from the weak performance of a year ago and, with an increase of 20.88%, shipped almost 85,000MT. In relative values, the weakest performance was that of chicken meat, with an increase of 13.34%, the volume shipped amounted to close to 347,000MT.
France
Soaring Electricity Costs Threaten French Pig Farming
The explosion in energy costs, combined with the sharp rise in the price of pig feed, is further weakening French pig farms. The national pork association (INAPORC) recognizes that "the energy aid plan proposed by France is a first positive signal", but that it is "absolutely not commensurate with the economic impact" suffered by the sector, and calls on the public authorities to take additional measures to avoid the disappearance of many pig farms. INAPORC warns of France's loss of competitiveness against the main European countries producing pork and charcuterie which have already implemented energy shields. “Germany has thus announced a cap on the price of electricity at USD 136.51/MWh (€130), Spain and Portugal have already acted USD 210.01/MWh (€200) while several French companies had to buy their electricity at more than USD 525.02/MWh (€500)”, indicates a press release from the Interprofession, published on November 21.
Poland
Further Price Increases of Fattening Pigs Await Us, but Will Prices Keep Up With Costs?
While in the case of cattle or poultry, the increase in quotations was strong enough in relation to costs that it enabled historically high levels of breeding profitability to be achieved, this area remained a major challenge for pigs. At the end of summer, when the average purchase price of pigs in Poland exceeded USD 1.75/kg (PLN 7.8), the relation between the purchase price of livestock and industrial feed for fattening pigs returned only to the long-term average, in addition after an annual "low". In addition, after the October reduction in purchase prices, this ratio fell below the average again. The level of prices on the pork market at current costs did not constitute a stimulus for the development of production and this is a general problem in the European Union. This is clearly visible in the herd results. In the first half of 2022, the decrease in the total EU herd continued, including in the sow herd. Unfortunately, particularly high negative dynamics were recorded in Poland.
Chile
The Drop in the Production of Red Meat in Chile Continues
From January to September, according to the Chilean Odepa, 130,854MT of beef have been produced in the Andean country, which is 10.4% less than in 2021. In pork, the reduction was 1.8 % less.
Ireland
Malaysian Market Opens for Irish Pig meat Exports
The Minister for Agriculture, Food and the Marine, Charlie McConalogue, and Minister of State, Martin Heydon, announced that Ireland has secured access for the export of pig meat to Malaysia. The opening of the market comes as a result of the Ministry's work in collaboration with the Embassy of Ireland in Kuala Lumpur, Bord Bia and other industry stakeholders.
United Kingdom
What’s Behind the Increase in UK Pork Imports
September’s trade figures show that so far this year (Jan-Sep) the UK has imported 587,300MT of pig meat (excluding offal). Although this is a 13% increase in volume compared to this time last year, comparisons to 2021 and 2020 are not fairly comparable due to the impacts of adjusting to new Brexit trading and covid-19 restrictions. If you compare current imports to those from 2019, volumes are lower in 2022 by 50,500MT (-8%). Data from earlier this year shows that the UK appeared to be making use of butchery abroad to produce the specific cuts in demand as staff shortages limited domestic butchery capacity. Prior to the pandemic and Brexit, bone-in products were imported in larger volumes than boneless, however in late 2021 and early 2022 this switched.
Hungary
The Number of Animals Slaughtered at Slaughterhouses Decreased in the First Three Quarters
Fewer animals were slaughtered at Hungarian slaughterhouses in the first three quarters of the year than a year earlier. The number of slaughtered cattle decreased by 7.4%, while that of pigs by 6.9%, and that of poultry by 11.8% compared to January-September last year, according to the Institute of Agricultural Economics ( AKI).
Russia
ASF Situation in Russia as of November 2022
Rosselkhoznadzor informed about the constant laboratory monitoring of the ASF virus. Since the beginning of November, only the Department of Molecular Research of the Belgorod Testing Laboratory of the FGBI "ARRIAH" has carried out 3356 studies on the diagnosis of African swine fever by PCR. According to the results of the studies, no positive cases were identified. In total, 150,869 studies have been conducted since the beginning of the year, including 91,859 studies of pathological material, 58,489 studies of biological material, 350 studies of meat products, 141 studies of feed of animal origin, 30 studies of environmental objects (washouts from surfaces, equipment). Since the beginning of the year, the genetic material of the African swine fever virus has been found in 5 samples of pathological material from pigs. According to the Rosselkhoznadzor, as of November 14, 39 active outbreaks of African swine fever were registered in the Russian Federation, 21 in the wild pig population and 18 among domestic pigs. The disease is registered in 12 subjects of Russia, on the territory of Vladimir, Ivanovo, Kaliningrad, Kostroma, Kursk, Moscow, Nizhny Novgorod, Rostov, Samara and Yaroslavl regions, as well as in the Stavropol Territory and the Republic of Tatarstan
The Russian Pork Market Is Oversaturated, but This Helps to Keep Prices and Increase Consumption
The National Union of Pig Breeders assesses the Russian pork market as oversaturated and believes that this phenomenon will continue until 2025. However, this helps to keep the rise in prices for products at the level of inflation and increase the consumption of pork. This point of view during the conference "Agritrends of Russia, 2022/23" was expressed by the Director General of the Union Yury Kovalev. "Those loans taken by enterprises provide us with production growth until 2024 inclusive.
China
China: Price Analysis of Livestock Products in the 47th Week
According to the price monitoring data of the direct reporting system of the Ministry of Agriculture and Rural Affairs, the price of livestock products and feed markets in the county in the 47th week, the price of live pigs continued to show a clear downward trend, and has fallen to about USD 3.44/kg (24 yuan), the highest MoM comparison in October with decrease of 17.24%. Affected by the price of fattening pigs, the price of piglets has also declined in the past two weeks.
This year, in view of the fact that the pork market price continues to rise, Guang'an City has taken measures such as focusing on development, stabilising slaughter, ensuring supply, and stabilising prices to ensure that the pork market has achieved significant results in stabilising prices and supply. Guang'an City unswervingly implements the "vegetable basket" system of mayor responsibility for stable production and supply of live pigs and the first responsibility system of county-level party committee secretaries. Annual target performance assessment, detailing the target tasks layer by layer, and focusing on implementation, and incorporating the development of live pigs into the performance assessment of the rural revitalization strategy, "one-vote veto" for counties (cities, districts) and townships that cannot complete the task. The city also issued a "Guang'an City Pig Production Control Implementation Plan (Temporary)" focusing on pig breeding counties, breeding pig farms, and large pig farms, and established 21 national-level pig production capacity control bases and 175 provincial-level pig production capacity control bases. Improve the security of pork supply.
The first step is to strengthen the prevention and control of animal diseases. Persevere in the prevention and control of African swine fever and other major animal diseases, adhere to grid management and full-chain supervision, do a good job in epidemic prevention in four seasons in a solid and orderly manner, and implement compulsory immunisation of major animal diseases. The herd immunity density has remained above 95% throughout the year. The work of "big disinfection, big training, and big publicity" has been continuously carried out, and the survey and investigation of African swine fever have been comprehensively carried out. At present, 3,745 samples have been sampled and 8,351 households (individuals) of farmers have been checked, 185,627 live pigs. The second phase is to strengthen animal health supervision. Strictly implement the quarantine of the place of origin. At present, 248,500 pigs, 3.418 million poultry, and more than 2,300 cattle and sheep have been quarantined. Strengthen the supervision and inspection of slaughterhouse quarantine, and promote the "traces" of quarantine "Management. At present, 2,369.2 tons of slaughtered and quarantined pig products and 129.9MT of cattle and sheep have been completed. 5 cases of animal health supervision and law enforcement have been completed, and 2 cases are being handled. The third is to increase the proportion of large-scale breeding. Strive for project funds of more than 35 million yuan, focusing on supporting large-scale farms, Mobilise farmers to invest about 100 million yuan in social funds, build 11 large-scale farms, develop more than 20 large-scale foster care households, build a 12,000-head large-scale breeding pig farm in Jianfeng Superstar, and currently have 341 large-scale farms (households) , it is estimated that 330,000 pigs will be slaughtered annually.
Vietnam
Live Hog Prices on December 4 Were Fluctuating
In Vinh Phuc, Tuyen Quang, Thai Nguyen, Hung Yen, Phu Tho, Bac Giang and Thai Binh, live hog prices ranged from USD 2.27/kg to USD 2.31/kg (54,000 to 55,000). In Hanoi, the price of live hogs was purchased at USD 2.23/kg (53,000 VND). In Yen Bai, Lao Cai, Ninh Binh, Ha Nam, and Nam Dinh provinces, the price of live hog was at USD 2.18/kg (52,000 VND).Therefore, live hog price in the North fluctuated in the range of USD 2.18/kg to 2.31/kg (52,000 - 55,000 VND). In the provinces of Nghe An, Ha Tinh, Quang Binh, Quang Tri, Hue, Quang Nam, Binh Dinh, Khanh Hoa, Lam Dong, Ninh Thuan, the price of live hog was at USD 2.23/kg to 2.31/kg (53,000 - 55,000 VND). In Dak Lak, Thanh Hoa, and Quang Ngai provinces, live hog prices were lower from USD 2.14/kg to 2.18/kg (51,000 - 52,000 VND). The price of live hog in Binh Thuan province was the lowest in the country at USD 2.10/kg (50,000 VND). Thus, the price of live hog in the Central and Central Highlands fluctuated in the range of USD 2.10/kg to 2.31/kg (50,000 - 55,000 VND). In Hau Giang, Tra Vinh, and Ca Mau provinces, live hog prices were at USD 2.27/kg to USD 2.31/kg (54,000 - 55,000 VND). In Binh Phuoc, Ho Chi Minh City, Binh Duong, Tay Ninh, Long An, Dong Thap, Dong Nai, Ben Tre, Can Tho, An Giang, Vinh Long, Vung Tau, Tien Giang, Soc Trang, Bac Lieu provinces Steam was purchased at the rate of USD 2.18/kg to 2.23/kg (52,000 - 53,000 VND). In Kien Giang province, live hog prices were at the lowest level in the whole region at USD 2.14/kg (51,000 VND). Thus, live hog prices in the South ranged from USD 2.14/kg to USD 2.31/kg (51,000 to 55,000 VND).
Argentina
Pork Is the Fastest Growing Meat in Argentina in the Last Decade
The Mediterranean Foundation has released a report in which it states that pork is the fastest growing meat in Argentina in the last 10 years. From 330 thousand tons produced in 2012, the chain aims to exceed 720 thousand tons this year. The new establishments incorporate state-of-the-art designs, technologies and management (equipment, animal genetics, food), which allows great improvements in productivity. In addition, for this growth process to be maintained over time, production farms must have positive economic results. If there is profitability there will be expansions and new investments will arrive.
South Korea
Hanwoo 2023 Pork Prices May Not Be as Good Those of 2022
Pork wholesale prices are expected to fall in 2023 below those of 2022. Next year's pork wholesale price was predicted to be around USD 3.71/kg to USD 3.86/kg (4,900 to 5,100 won) (based on hot water, excluding Jeju), which is lower than this year USD 3.98/kg (5,250 won), when the price was relatively good. The number of slaughtered animals next year is estimated to be between 18.25 million and 18.45 million, down from 18.5 million this year, but the price is expected to decline due to the decline in consumption and increased inventory due to the economic recession.
Kazakhstan
Meat Production in Kazakhstan Following the Results of 10 Months
According to the results of 10 months of 2022, 948.5 thousand MT of meat were produced by Kazakhstani livestock breeders, the volumes increased by an average of 0.5% compared to the same period a year earlier, the press service of the Ministry of Agriculture reported. Since the beginning of the year, 400.1 thousand MT of beef, 113.7 thousand MT of lamb, and about 61.2 thousand MT of pork have been produced.
Taiwan
Authorization of the Importation of Paraguayan Pork
The National Service for Quality and Animal Health (SENACSA) informed, through a statement, that Taiwan officially authorised the importation of meat products from the swine species from Paraguay. The state entity pointed out that the opening of this important market "is the result of a health equivalence process" carried out in conjunction with the BAPHIQ (Bureau of Animal and Plant Health Inspection and Quarantine), responsible for the health of Plants and Animals of the Republic of China – Taiwan.
