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Wednesday, March 23, 2022
15 South Korean poultry processors fined US$144 million for price fixing
South Korea's Fair Trade Commission (FTC) said it will fine 15 poultry processors a combined KRW 175.8 billion (~US$144 million; KRW 1000 = US$0.82) for price fixing, Yonhap News Agency reported.
Tuesday, March 22, 2022
China's pork prices continue to decline
China's Ministry of Agriculture and Rural Affairs said the country's pork prices edged down further in the week of March 7 to March 11, 2022 to CNY 15.96 (~US$2.52; CNY 1 = US$0.16), 1.2% lower week-on-week, Xinhua News reported.
Monday, March 21, 2022
CP Foods reaffirms commitment on good animal welfare practices with BBFAW ranking
The Business Benchmark of Farm Animal Welfare (BBFAW) has maintained Charoen Pokphand Foods PLC's ranking (CP Foods) in Tier 3 for the second year in a row, CP Foods announced.
Monday, March 21, 2022
US AFBF: Production costs outpacing commodity prices
The cost of growing crops could outpace revenue for many US farmers in 2022, making it more difficult to break even despite rising commodity prices and increased demand both domestically and globally, the American Farm Bureau Federation (AF ...
Sunday, March 20, 2022
Chicken egg farm prices in Thailand fixed at US$0.10
Thailand's Department of Internal Trade has capped chicken egg farm prices at a maximum of THB 3.20 (~US$0.10; THB 10 = US$0.30) to assist poultry farmers without affecting consumers, The Nation Thailand reported.
Thursday, March 17, 2022
Worldwide dairy prices remain high while global production declines
A Rabobank report has found that worldwide dairy production will continue to decline by 0.7% year-on-year in the first half of 2022 even though global farmgate milk prices remain high, the UK Agriculture and Horticulture Development Board r ...
Tuesday, March 15, 2022
China Soymeal: Prices break new records (week ended Mar 14, 2022)
Over the week, the closing price of CBOT May soy futures increased 0.94%.
Tuesday, March 15, 2022
China Calcium Pantothenate: Prices soar further (week ended Mar 7, 2022)
As the availability of raw ingredient is tight, several producers stopped taking orders or limited production since December 2021, prices of calcium pantothenate rose significantly of late.
Monday, March 14, 2022
China's weekly pork prices on the decline
Official data from China's Ministry of Agriculture and Rural Affairs showed pork prices have declined to CNY 18.93 (~US$2.98; CNY 1 = US$0.16) on the week of February 28, 2022, 1.6% lower compared to the week prior, Xinhua News reported.
Monday, March 14, 2022
Roslin: Study aims to produce lice-resistant salmon
Scientists from the Roslin Institute and the University of Stirling's Institute of Aquaculture will identify and transfer lice resistance mechanisms from coho salmon to Atlantic salmon via gene editing, the Roslin Institute announced.
Monday, March 14, 2022
FAO Cereal Price Index increases in February
The FAO Cereal Price Index averaged 144.8 points in February, up 4.2 points (3.0%) from January and 18.7 points (14.8%) from one year earlier.
Monday, March 14, 2022
FAO Meat Price Index shows increase in global pig meat prices
Global pig meat prices edged up, reflecting increased internal demand and scaled-back hog supplies in the European Union and the United States, according to the United Nation's Food and Agriculture Organization (FAO).
Friday, March 11, 2022
BASF increases prices for vitamin E
BASF has globally increased prices for its vitamin E products by 20% with immediate effect.
Thursday, March 10, 2022
Pork prices in UK set to increase due to Russia-Ukraine conflict
Victoria Prentis, the Department for Environment, Food & Rural Affairs Minister responsible for farming, said food prices including pork are set to increase due to Russia's invasion of Ukraine, The Guardian reported.
Wednesday, March 9, 2022
South African poultry prices soaring due to inflation and Russian-Ukraine conflict
Poultry prices in South Africa are soaring due to escalating food price inflation, the implementation of chicken anti-dumping tariffs, and the Russian-Ukraine conflict, as the domestic poultry sector looks to expand to reduce its reliant on ...
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