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Wednesday, April 27, 2022
Beef prices driven by strong demand, constrained production and record inflation, Tyson CEO says
A combination of market forces, including consistently strong demand for finished beef, constrained production due to labor shortages caused by the pandemic and record inflation, have been driving current beef prices, Tyson Foods president ...
Wednesday, April 27, 2022
Wheat prices in Russia continue to rise thanks to exports
The IKAR agriculture consultancy said Russian wheat prices have continued to rise thanks to ongoing exports from its Black Sea ports, with prices up US$10 to US$380 free on board (FOB) for wheat with 12.5% protein content, Reuters reported.
Monday, April 18, 2022
Egg prices rising due to bird flu and Russia's invasion into Ukraine
As Russia's invasion into Ukraine affects grain exports to Europe and the Middle East, severe outbreaks of avian flu in the United States and France are also limiting global egg supply and hiking costs for the food staple, Reuters reported.
Monday, April 18, 2022
USAPEEC and USPOULTRY hold opening ceremonies for new office in Georgia, US
The USA Poultry & Egg Export Council (USAPEEC) and US Poultry & Egg Association (USPOULTRY) recently held individual ribbon-cutting ceremonies for their newly renovated office space in Tucker, Georgia, the United States.
Monday, April 18, 2022
FAO cereal price index at highest level since 1990
The FAO cereal price index averaged 170.1 points in March, up 24.9 points (17.1%) from February and the highest level since 1990.
Monday, April 18, 2022
FAO price index: Pig meat prices saw biggest monthly increase in March since 1995
The FAO Meat Price Index averaged 120.0 points in March, up 5.5 points (4.8%) from February, reaching an all-time high.
Thursday, April 14, 2022
China Hog: Prices strengthen despite tumbling demand (week ended Apr 11, 2022)
Hog releases decreased prominently, hence supporting prices to move higher. However, overall demand for pork was hampered by the covid situation in China, particularly in Shanghai where drastic lockdown measures crushed weekly pork slaughte ...
Wednesday, April 13, 2022
Malaysian consumer group calls for increasing chicken ceiling price
The Malaysia Consumers Movement has supported calls to increase the chicken ceiling price from MYR 8.90 (~US$2.10; MYR 1 = US$0.24) per kg to MYR 9.90 (~US$2.34) per kg because of a shortage of the meat, Free Malaysia Today reported.
Wednesday, April 13, 2022
Ireland's swine industry affected by rising grain and protein prices
Meat Industry Ireland (MII) informed the Irish government that the country's swine industry is losing EUR 15 million (~US$16.2 million; EUR 1 = US$1.08) monthly due to rising grain and protein prices, The Times reported.
Tuesday, April 12, 2022
South African Association of Meat Importers and Exporters warns of rising chicken prices
The South African Association of Meat Importers and Exporters said chicken prices are expected to increase, and has called for the removal of trade tariffs on all poultry products and a three-year moratorium on any new tariffs to ease consu ...
Tuesday, April 12, 2022
US egg prices have increased 56%
Egg prices in the US have increased 56% due to rising wheat and corn prices caused by drought conditions in the country and Russia's invasion into Ukraine, especially as both counties are key global grain producers, CBS News reported.
Tuesday, April 12, 2022
China Soymeal: Prices fall to pre-war levels (week ended Apr 11, 2022)
Over the week, the closing price of CBOT July soy futures rebounded 7.2%.
Tuesday, April 12, 2022
Analysing China's rising feed prices from a cost perspective
Feed cost is the main component of hog farming in China.
Monday, April 11, 2022
Malaysian farmers association do not blame traders for soaring chicken prices
Tan Chee Hee, president of the Federation of Livestock Farmers Associations of Malaysia said there are local traders selling chicken at MYR 10 (~US$2.37; MYR 1 = US$0.24), per kg higher than the government's ceiling price of MYR 8.90 (US$2. ...
Monday, April 11, 2022
ADM names new chief financial officer
ADM has announced the appointment of Vikram Luthar as its new chief financial officer, following a thorough succession planning and candidate review process.
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