Global: Overseas Agricultural Information Bulletin (Issue 426)

Lamb

Meat

China

Russia

Published Mar 11, 2024

Tridge summary

European wheat prices have hit a new low due to low prices and stiff competition from Russia and Ukraine. Meanwhile, Indonesia and Vietnam lead rice production in Southeast Asia, with Cambodia ranking tenth globally. Australia's sheep population is predicted to drop by 2.9% in 2024, but lamb meat production is set to rise, boosting global trade volumes. While the economic recovery in the U.S. and emerging markets is likely to increase lamb demand, the future of Chinese consumer demand remains uncertain.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

1. According to a recent report on the German "Agriculture Today" website, on March 1, wheat prices in the European futures market fell to a new low, with the March contract price falling to 183 euros (approximately 1,429 yuan) per ton, and the May contract price falling to 183 euros (approximately 1,429 yuan) per ton. 192 euros per ton (approximately 1,499 yuan). The main reason is that Russian and Ukrainian wheat prices are low and competition is fierce. According to the European Commission report, the current export price of Ukrainian wheat is only 159 euros per ton (approximately 1,241 yuan). Europe The recovery of the wheat market lacks new impetus. 2. According to the Cambodian Rice Federation, the main rice producing countries in Southeast Asia in 2023 are Indonesia, Vietnam, Thailand, Philippines, Myanmar and Cambodia. Among them, Indonesia is the largest rice producer in the region, ranking with 34 million tons of rice production. Fourth in the world, Vietnam ranks ...

Source: Foodmate