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Rabobank Beef Quaterly Q3 2020: New Faces Shaping Future UK Beef Imports
Once outside the European bloc, the UK is expected to become the fifth or sixth largest beef-importing country. Consumer acceptance and non-tariff barriers will play significant roles in determining which countries ultimately supply the UK beef market in the future.
Brexit trade talks between the UK and EU continue to progress. “While pure economic reasoning and geopolitics normally play strong roles in trade negotiations, we believe that, in the case of the UK, consumer acceptance and non-tariff barriers will be equally significant in determining...
Rabobank Pork Quarterly Q3: More Uncertainties Ahead
Covid-19 brings many uncertainties to the global pork market. With various disruptions to the supply chain, Rabobank has revised down pork production for 2020 in major producing countries.
“Labor shortages, operational suspensions, soft demand, and channel shifting will force industry players to increase automation, adopt digitalization, improve plant working conditions, streamline processing, and integrate along the supply chain in order to...
COVID-19 Overshadows African Swine Fever, but ASF’s Influence Prevails
African swine fever remains the dominant issue in global animal protein – as it has been since 2018. But COVID-19 further distorts the outlook, constraining production, consumption, and trade.
ASF is still the major influence on global pork markets, and it continues to impact pig herds and restrict pork production in China, Vietnam, the Philippines, and parts of eastern Europe. As Rabobank does not anticipate an effective vaccine against ASF to be commercially available in 2020, biosecurity measures remain the most effective defense.
Herd recovery is underway in China, and has been proceeding faster than expected, but a further significant drop in...
Rabobank Pork Quarterly Q2 2020: COVID-19 Crisis Disrupts Global Pork Industry
Rabobank expects continued volatility in pork prices in 2020, as disruption in local markets is balanced with product shortfalls in Asia.
“The combined effect of near-term demand destruction and processing interruptions due to labor constraints has weakened producer returns and will slow production growth. Weaker GDP growth could further pressure pork demand, compounding an already challenging operating environment,” according to Christine McCracken, Senior Animal Protein Analyst.
China: Hog price strength reflects slow herd recovery and demand recovery
Hog prices remain elevated on African swine fever (ASF) herd losses and a gradual recovery in the production sector. Producer interest in rebuilding remains...
Rabobank: Initial Impacts of Covid-19 on the Brazilian Consumer
The coronavirus pandemic has inflicted significant pain on the Brazilian consumer, with unemployment rising and incomes set to decline in the coming months. Beyond the initial shock of the lockdown period, in which supermarkets and pharmacies have done well, consumer habits are set to change and resemble some of the trends seen during the last recession in 2015-2016.
Initial Shock and Wider Impact Ahead
- A large part of the country remains in social isolation mode, with no clarity as to when and how such measures will be relaxed or lifted. São Paulo state is signalling a continuation of the quarantine period until at least April 22.
- On April 13, Santa Catarina became the first state to announce the reopening of some retailers, with...
NCBA Statement on Beef from Brazil
National Cattlemen’s Beef Association (NCBA) Senior Director, International Trade and Market Access, Kent Bacus today released the following statement in response to the U.S. Department of Agriculture restoring access to the U.S. for Brazilian beef:
“NCBA strongly supports science-based trade and the Trump Administration’s efforts to enforce science-based trade with all trade partners. But to be clear, NCBA has serious concerns about the re-entry of Brazilian beef to the U.S. market.
“NCBA has frequently questioned the lack of scientific evidence that was used to justify Brazil’s initial access to the U.S. market in 2016, and unfortunately, we were not surprised when Brazil forfeited its beef access to the U.S. in 2017 due to numerous food safety violations. NCBA praised Secretary Perdue for standing up for science-based trade and holding Brazil accountable for their numerous violations by...
FSIS Lifts Suspension on Brazil’s Exports of Raw Intact Beef Products to the U.S.
FSIS takes very seriously the responsibility to ensure the safety of meat, poultry, and processed egg products for American consumers. FSIS recently conducted a targeted, on-site equivalence verifcation audit of Brazil’s raw intact beef products to verify the implementation of corrective actions in response to several audits and technical discussions since FSIS suspended the export of raw intact beef from Brazil in 2017.
FSIS uses a three-pronged approach to verify that a foreign country’s inspection system for imported meat, poultry, and processed egg products achieves an equivalent level of public health protection as the U.S. inspection system...
Brazil Beef Exports Jump on Strong Chinese Demand
Brazilian beef exports rose by 9.84% in January driven by a surge in sales to China, which faces fallout from a deadly disease that decimated a major portion of its pig population and boosted demand for other meats, trade group Abiec said on Wednesday.
Brazil's beef exports totaled 135,375 tonnes in the first month of the year, generating sales of $633.25 million, Abiec said.
“This is a positive result and in line with our growth estimates for this year," Antônio Camardelli, president of Abiec, said in a statement.
Shipments to China alone were 53,200 tonnes, an increase of...
China's Coronavirus Could Boost Brazil Meat Exports, CEOs Say
Brazil's largest meatpackers JBS SA and BRF SA said on Wednesday that the coronavirus outbreak could help boost Chinese demand for their products, as it fans concerns about domestic food safety in China.
However, one executive told Reuters that sales could be held back by aggressive demands for discounts from Chinese buyers.
BRF Chief Executive Officer Lorival Luz said on the sidelines of a conference in Sao Paulo that the epidemic could boost sales of foreign frozen and...
Rabobank Pork Quarterly Q1 2020: Opportunities Are Emerging from Risks
Rising disease pressures continue to challenge the global market and will remain the major change driver in global animal protein in 2020, according to Rabobank’s latest Pork Quarterly titled ‘Opportunities Are Emerging from Risks.’
“Although the severity of African swine fever’s (ASF) impact is subdued in some regions, the scope of the disease has expanded over recent months,” according to Chenjun Pan, Senior Animal Protein Analyst. “The ramifications in 2020 will lead to continuous caution on production expansion in some regions and higher import demand on the global balance sheet.” Several ongoing, regional trade-deal discussions will...
Protein Industry Reacts to Latest Coronavirus Aid Package
Study Sheds Light on U.S. Consumer Preferences on Conventional and Alternative Protein Products
100,000 Restaurants Closed Six Months into Pandemic
US Foods Fall Scoop Helps Restaurant Operators Stay On Point With Evolving Off-Premise Trends
China and Japan Suspend Pork Imports from Germany Following African Swine Fever Case
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