Russia: Great power matches in pork markets as well

Published Aug 22, 2024

Tridge summary

The global pork market is experiencing significant shifts, with the EU's pork production and exports expected to decline, while the USA and Brazil rise as leading exporters. Russia is also becoming a key player, with a notable increase in pork exports, particularly to Vietnam and potentially China. However, Russian farmers face challenges due to regulatory and logistical issues. In Germany, pig prices have stabilized at 85 euros, benefiting producers and leading to a growing pig herd and promising production statistics for 2023. Increased Russian-Chinese cooperation could further impact EU pork exports, especially from Spain and Germany.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Part 2 In our previous issue, we already explained that the EU's latest forecast until 2035 expects that pork production will decrease by less than one percent per year, while its exports will fall by almost one and a half percent annually. We predicted a much stronger pace than this last month. Now let's look at the Russian situation and then the domestic trend. While the world pork market is slowly shrinking, the competition between the dominant exporters is changing. While the USA is successively losing its leading exporter positions on the world markets of commodity crops (Brazil was knocked off the top of the podium in the corn and soybean markets, and Russia in the wheat market), this year it is taking the lead in pork exports. Unfortunately, it does this at the expense of the EU. The other rapidly emerging country is Brazil, which can show the fastest market acquisition in the world market of these products. This is where Russia comes into play, which increased its pork ...
Source: Agraragazat

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