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As of March, China imported 623,947 tons of beef, with a growth rate of 20% over the same period last year. Canadian beef imports rose 143% year-over-year to 3,594 metric tons and $24.4 million in value. The total value of imports fell by 6% as prices returned to normal compared to the same period in 2......

The latest market report from Fortune Business Insights projects the US meat market to expand over the next 7 years as growing consumer interest in protein-rich and ketogenic diets will drive the market over the forecast period. Last year, the market size reached $170.38 billion, but according to the report, it will reach $215.76 billion by 2......

The European Union imposed new sanctions on Belarus: 78 people and eight companies were included in the sanctions list.Among them are people from the inner circle of President Alexander Lukashenko and Russian businessman Mikhail Gutseriev. The Council of the European Union on June 21 finally adopted the fourth package of restrictive measures against Belarus. Eight legal entities and 78 individuals...

As of June 18, 2021, the USDA reports that the average cost of pork products in the US market has fallen by $4.18. Over the past week, there was an increase in prices only for ham (+$2.57). American pig producers export more than $7 billion worth of pork annually. However, recent shipping delays to US international ports are hampering export growth. If the problem is not addressed soon, these disr...

The results of the implementation of the federal project "Export of agricultural products" by the regions of the Siberian Federal District were discussed on June 18 at a meeting in the Ministry of Agriculture of Russia, which was chaired by Deputy Minister of Agriculture Sergey Levin Last year, the subjects of the Siberian Federal District supplied food abroad for more than $1.5 billion, exceeding...

Australia's largest meat processor, JBS-Foods Group, is currently planning to enter the pork market through a corporate acquisition. The company said it will acquire Australia's largest pork producer Rivalea for A$175 million (€111 million) from its previous owner Singapore-based QAF Ltd. However, the deal must be approved by the Australian competition authorities. Rivelea owns a network of about ...

The pandemic has not only not cooled the trend to find sources of plant-based protein, but has led to a sharp increase in supply and falling prices for products. The publication notes that in the pre-COVID-19 pandemic period , plant-based meats attracted celebrity investors, product companies held record-breaking IPOs, attracted high-profile chefs who turned pea protein and soy into a savory, defi...

One of the main reasons why people tend to invest is the notorious FOMO, or fear of missed opportunities. This phenomenon can have serious economic consequences, Trader and investor Stanley Druckenmiller, who is worth several billion dollars, bought bitcoin after seeing it rise in value and fearing he was missing out on a good opportunity. What Druckenmiller felt is known as FOMO (Fear of missing ...

The current price of live pigs in China has fallen to 15 yuan/kg ( US $2.34 ) due to a combination of more pigs, larger market pigs, huge imports of frozen pork, liquidation of cold stores and panic selling by farmers. This is the first time Chinese hog prices have been lower than the US market, according to Jim Huang, head of the futures market, and this could signal a reduction in imports in the...

Uzbekistan intends to stabilize the rise in prices for poultry meat and eggs. Producers will receive special subsidies for each kilogram of poultry meat sold and each egg sold. This is provided for by the presidential decree "On Additional Measures Aimed at the Development of Poultry Farming and Strengthening the Feed Base of the Industry." Starting June 1, 2......

The price of pigs in Thailand fell by 15% in the last two weeks of May 2021, from 80 THB/kg ($2.6 ) to 68 THB/kg ($2.2). The fall in prices was the result of Vietnam's ban on the import of live pigs from Thailand and the forced closure of open markets across the country to avoid mass gatherings that could spread Covid-19. Viet Nam introduced the ban at the end of May after local livestock authorit...

The GDT price index fell for the fifth time in a row The latest Global Dairy Trade (GDT) auction recorded a slight decline in the price index, the fifth in a series of consecutive declines over the past two months. The last tender - event 286 - ended on Tuesday, June 15, with a 1.3% decline in the GDT price index. Bidding lasted 2 hours 21 minutes, they were attended by 16......

From June 14, US financial institutions are prohibited from buying Russian government bonds issued after this date at the initial placement. Sanctionsdo not apply to the secondary market of Russian government securities New US sanctions on Russian Federal Loan Bonds (OFZ) have come into effect. They prohibit American financial institutions (banks, brokers, investment companies) from participating ...

In January-May, the export of products of the agro-industrial complex of Mari El amounted to 4.5 million dollars. This is a third of the annual target. Almost 54 percent of exports were prepared foodstuffs. About nine percent - meat and milk . Agricultural products from the republic are purchased by 24 countries. The main partners are Uzbekistan, Belarus and Tajikistan, where half of the export pr...

Imports to the Russian Federation from non-CIS countries in January-May 2021 increased by 28.3% compared to the same period last year, to $99.688 billion, the Federal Customs Service (FCS) of Russia reported. "According to preliminary data from customs statistics, in January-May 2021, imports of goods from non-CIS countries in value terms amounted to $99,688.4 million and increased by 28.3% compar...

The price of the Sputnik V coronavirus vaccine, including delivery, is about 900 rubles, but for Russians it is purchased by the state. This was reported to RIA Novosti by the head of the Russian Ministry of Health, Mikhail Murashko. “Covid has caused additional costs. This is primarily the cost of vaccination - "Sputnik V" costs about 9......

The best currency for savings is the currency of a developed country, which does not depend on natural resources, and also adheres to international requirements and standards. Andrey Maslov, an analyst at FINAM Group of Companies, announced this, Prime reports. So, according to Maslov, it is best to invest in the euro, pound sterling and Swiss franc. He explains that since the start of the pandemi...

Poland has had to wipe out 11 million birds as a result of an avian influenza (AI) epidemic this year, but it looks like the worst is over. The epidemic is clearly on the wane, with the number of outbreaks more than halved in recent weeks to 10 between May 13 and May 16, chief veterinarian Miroslav Welz said at a recent press conference. According to him, the disease is likely to be completely era...

Russian pork suppliers really hope that China will open its market for this meat for them, Veronika Nikishina, head of the Russian Export Center, said in an interview with RIA Novosti on the eve of SPIEF-2021. “What we would definitely like to supply there is pork. After the outbreak of swine fever in China in 2......

Deputy Minister of Industry and Trade Viktor Yevtukhov said during the Russian Retail Week forum that the ministry is in favor of raising purchase prices for chicken eggs in trade. The goal of the authorities is to prevent a reduction in the production of these products and a shortage in the food market. “Now our task is to convince them to raise purchase prices so that the number of chickens does...

Bangladesh's poultry industry has applied for tax cuts and tax exemptions for fiscal year 2021-22 to offset the losses incurred during the Covid-19 pandemic and allow the industry to enter the export market by 2025. The poultry industry has suffered a loss of US$825 million due to the pandemic, and the poultry feed industry has already suffered a loss of around US$98 million from January to May th...

Outbreaks of African swine fever (ASF) are causing serious concern and causing significant damage to pig farmers in the Indian state of Mizoram. More than 4,600 pigs have been culled there in the past two months in an attempt to stop the spread of the virus. Dr. Lalmingthanga, director of the Department of Animal Husbandry and Veterinary Medicine, told India Today newspaper that the outbreak has c...

Russia is unlikely to be cut off from SWIFT, but there is a plan "H" in case of blocking settlements in dollars. Andrey Kostin spoke about this, as well as about the main conclusion of the pandemic and the consequences of the situation in Belarus in an interview with RBC. 00:00 Advertisement 00:00 0......

Minister of Agriculture Dmitry Patrushev discussed the prospects for the development of bilateral agricultural cooperation with Ambassador Extraordinary and Plenipotentiary of the Swiss Confederation to the Russian Federation Christina Marty Lang. The meeting was held at the Russian Ministry of Agriculture, the ministry's press service said. According to the minister, the dynamics of the developme...

The Bank of Russia and market participants have a plan in case of increased US sanctions against state-owned banks, Andrey Kostin told RBC. The state will support them Banks and the Central Bank have a plan in case US sanctions are extended to the financial instruments of Russian credit institutions, VTB head Andrey Kostin said in an interview with RBC. video “We [banks] adopted a plan together wi...

The Bank of Russia and market participants have a plan in case of increased US sanctions against state-owned banks, Andrey Kostin told RBC. The state will support them Banks and the Central Bank have a plan in case US sanctions are extended to the financial instruments of Russian credit institutions, VTB head Andrey Kostin said in an interview with RBC. “We [banks] adopted a plan together with the...

In 2020, Mexico's per capita pork consumption decreased by one kilogram to 18.5 kg, and production was affected by the sanitary crisis (PRRS, PED, etc.), which led to significant losses of piglets and reproductive sows in the national herd. However, producer pressure is slowly easing and the current situation in the Mexican pig market is described by Fernando Ortiz-X, Ibero-America Business Develo...

Growth is projected over the next seven years, with the nugget segment expected to account for the highest share during the forecast period. According to a study published by Research and Markets, the global cultured meat market will reach $352.4 million by 2028 as consumers tend to consume cultured meat to focus on healthy and clean eating and lower their cholesterol intake. The growing shift of ...

Senior Vice President, Managing Director of the North-Western Branch of Otkritie Bank Mikhail Ioffe talks about new directions, the potential of project financing and the formation of risky investment habits. The banking sector shows high dynamics and continues to actively implement digital services. How this will affect the number and quality of bank branches, how the investment behavior of wealt...

As feed prices continue to rise, some pig and poultry farmers are switching to animals that can be raised without the use of ready-made commercial feeds based on imported ingredients, and feed them with affordable feeds from local raw materials. This has led to an increase in the price of cattle, goats and sheep. The price of calves is up $86/ head compared to last year, while the price of goats i...