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Grains & Animal Feed

Asia-Pacific could face higher prices of grains and meat after Russia suspended a U.N.-brokered deal that had allowed safe grain shipments out of the Black Sea. Grains such as wheat, corn, and soybeans are needed for animal feed to produce beef, pork, poultry as well as fish. Major Black Sea exporters Russia and Ukraine account for about a third of the world’s wheat exports, 15% of the world’s corn exports and about 2.1% of the world’s soybean exports. Consumers in the Asia-Pacific region should expect to pay more for meat-containing staples, according to the Food and Agriculture Organization of the United Nations.

Brazilian soybean prices plunged in early October, largely due to a decline in foreign demand. Brazil’s exports in 2022 are his lowest in three years. Will the Black Sea situation change this?

Poultry & Eggs

US chicken demand collapsed in late 2022, prices followed and there is possibly more to come. In the third quarter of 2022, US production increased by approximately 3% compared to the same quarter last year. This was the largest annual production increase since the first quarter of 2020. September to October 2022, broiler placements increased by 5% compared to the same period last year.

The Biden-Harris administration is investing $1,096,655 in livestock slaughtering and processing in Vermont through the first round of the Meat and Poultry Processing Expansion Program (MPPEP), as part of the $223 million in nationwide meat and processing programs in rural areas.

Poultry farmers in the UK have been ordered to keep poultry indoors as the country battles the worst avian flu outbreak. This order will take effect on November 7th. Over 200 cases of bird flu were recorded in the UK over the last year. This is the highest incidence rate ever recorded. Infections have been confirmed in more than 70 locations since early October, and countermeasures are being taken. Irish farmers have been requested to do the same.

McDonald’s has developed eight chicken welfare initiatives. The goal is to implement it in more than 70% of the chains globally by 2024. The global food giant is one of the few companies that has made a commitment to animal welfare like the standards of the Global Animal Partnership.

Saudi Arabian Halal Product Development Company (HPDC) and poultry exporter BRF have announced the signing of a Joint Venture Agreement (JVA). The company will operate across the poultry production chain in Saudi Arabia, increasing competition in the region and help it will help achieve the domestic target of 80 percent self-sufficiency in poultry by 2025.

Will chicken prices rise above beef? Read now and share your thoughts.

Beef & Dairy

The impact of a sharp decline in U.S. beef stocks due to the effects of this year’s devastating drought sent soaring as desperate growers sold stocks due to food and water shortages. However, it will have to stop at some point, in which case Australian market observers speculate that it will likely stop soon. March-April next year has been cited as a key trigger point for the disappearance of the huge US beef surplus currently heading for export and imports will surge.

The world’s first low-methane beef is touted as hitting Swedish supermarket shelves. It was the result of a pilot project by biotech company Volta Greentech, Coop Sweden, and food company Protos. A study showed that when a cow was given a red algae dietary supplement, it was able to reduce methane production from so-called cow belching by 80%.


According to USDA, global pork production will increase in 2023, while exports will decline, both of which will be influenced by China. China’s pork production reached 12.11 million tonnes in the third quarter, an increase of less than 1% year-on-year, official data showed on Monday, after farmers suffered heavy losses earlier this year. Statistics Bureau data show that China’s pork production in the first nine months of this year reached 41.5 million tons, an increase of 5.9% over the same period last year.

Production Global production is expected to grow by 1% to 111 million tons in 2023 as production in China increases. China’s pork production is expected to grow by 2% as it continues to recover from the impact of African swine fever (ASF). High feed costs in China are expected to reduce incentives for overfeeding pigs.

The United States, Brazil and Mexico are also expected to increase production, more than making up for declines in other major producers including the EU and the United Kingdom (UK). Rising feed, energy costs and environmental regulations will hold back EU production. US production is expected to grow 1% to 12.4 million tonnes in 2023 as hog yields gradually increase and become heavier. UK producers are facing higher feed costs and lower demand for domestic pork.

However, according to Rabobank’s latest quarterly report on the drop says producers should be more cautious amid heightened global uncertainty as inflation and lower wage power are expected to reduce protein consumption through the first half of 2023.

Is pork production rising or dropping in 2023? Mixed reports… read now and tell us what do you think?

Seafood & Aquaculture

The Japanese white paper also highlighted the lingering effects of the Great East Japan Earthquake. 70% of the physical capacity of the fish processing plant had recovered to at least 80% capacity before the earthquake and tsunami in 2011.

Mowi completes share purchase agreement to acquire 51.28% stake in Arctic Fish Mowi on Monday signed a share purchase agreement to acquire a 51.28% stake in Icelandic salmon farmer Arctic Fish announced.

Seafood News reported that the Norwegian competition authority approved SalMar’s takeover offer for NTS in July.

The Conservation Alliance for Seafood Solutions has developed a free, interactive tool called SeaHive. This tool connects initiatives with seafood professionals around the world. The Alliance co-created SeaHive with the support of Seafood 2030 and his diverse working group of 15 members from the Alliance Global Hub representing various seafood stakeholders.

Read: Why aquaculture will overtake meat consumption.

Plant Based Must Read: Why cultured meat is the future and not plant based.

Investors have invested more than $500 million in Australian start-ups in the past year, with good prospects for 2023. Investing in Asia Pacific Venture capital firm AgFunder, in partnership with AgriFutures and evokeAG, published a 2022 report in Singapore, which found 55 deals involving Australian start-ups to total A$565.5 million in 2021.

Container Shipping News

Spot freight rates for containers between China and Los Angeles have fallen to pre-pandemic peak season levels, but the rate of decline is believed to be slowing. Spot container prices dropping sharply from record highs in Q4 2021 and early 2022 to Q2 this year. This was reflected in very strong imports into the US during the quarter, as ordered by shippers and retailers. Set a few months earlier than usual to avoid the delays and congestion in the second half of 2021.

Read: Is the shipping industry doomed to crash?

If you don’t read anything else, read these!

5 Reasons why meat & seafood prices will continue to rise


5 sneaky tricks container shipping lines will use to avoid a price collapse


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