Latest market news

Brazil to export record pork, poultry in 2020

  • : Agriculture, Fertilizers
  • 19/12/12

Brazil's pork and poultry exports are expected to rise in 2020 as an extended outbreak of African Swine Fever (ASF) in China pushes demand from that country higher.

Brazilian pork shipments are poised to increase by 15-20pc in 2020 to an 850,000-900,000 metric tonnes (t) record, Brazil's pork and poultry exporters association (ABPA) said today. It does not exclude a volume even larger depending on China's appetite.

The Asian country imported 51pc more Brazilian pork between January-November this year versus the same period in 2018, taking the leadership among the main importers. The higher imports come after a series of authorizations for Brazilian plants to export.

China has been dealing with an ASF outbreak since last year that is expected to affect around half of its pig herd. The nation may take five years to restore its pork supply and has been boosting imports to make up for this domestic disruption.

Other types of meat have been in high demand as well, such as poultry.

ABPA forecasts that Brazil will ship between 3-6pc more poultry next year in comparison to 2019, reaching a record of 4.3-4.5mn t.

ABPA sees Brazil's pork output totaling around 4.2mn t in 2020, up to a 4pc increase year on year. Brazilian poultry production was pegged at 13.6-13.7mn t next year, up by 4-5pc.

Brazilian pork and poultry producers may face higher production costs next year as corn prices remain high in many regions of the country as 2019 was marked by strong demand and record exports.

ABPA does not see a domestic corn shortfall but mentioned that some companies have contracted imports of the grain for delivery between January-June next year because of more attractive foreign prices compared to the local market.

By José Roberto Gomes


Related news posts

Argus illuminates the markets by putting a lens on the areas that matter most to you. The market news and commentary we publish reveals vital insights that enable you to make stronger, well-informed decisions. Explore a selection of news stories related to this one.

24/12/19

US Congress passes waterways bill

US Congress passes waterways bill

Houston, 19 December (Argus) — The US Senate has passed a bipartisan waterways infrastructure bill, providing a framework for further investment in the country's waterways system. The waterways bill, also known as the Water Resources and Development Act (WRDA), was approved by the Senate in a 97-1 vote on 18 December after clearing the US House of Representatives on 10 December. The WRDA's next stop is the desk of President Joe Biden, who is expected to sign the bill. The WRDA has been passed every two years, authorizing the US Army Corps of Engineers (Corps) to undertake waterways infrastructure and navigation projects. Funding for individual projects must still be approved by Congress. Several agriculture-based groups voiced their support for the bill, saying it will improve transit for agricultural products on US waterways. The bill also shifts the funding of waterways projects to 75pc from the federal government and 25pc from the Inland Waterways Trust Fund instead of the previous 65-35pc split. "Increasing the general fund portion of the cost-share structure will promote much needed investment for inland navigation projects, as well as provide confidence to the industry that much needed maintenance and modernization of our inland waterway system will happen," Fertilizer Institute president Corey Rosenbusch said. The bill includes a provision to assist with the damaged Wilson Lock along the Tennessee River in Alabama. By Meghan Yoyotte Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

USDA awards more funding to increase fertilizer output


24/12/19
24/12/19

USDA awards more funding to increase fertilizer output

Houston, 19 December (Argus) — The US Department of Agriculture (USDA) awarded over $100mn this week across nine states to increase domestic fertilizer production as the effort to make farmer affordability more favorable continues. About $116mn will be invested through the USDA's Fertilizer Production Expansion Program (FPEP) to help eight facilities expand output in California, Colorado, Georgia, Indiana, Iowa, Kansas, Michigan, Oklahoma and Wisconsin. Recipients include the Michigan Potash Company, where the construction of a new facility should yield 400,000 metric tonnes (t) annually of high-grade potash, and Farmers Cooperative Association, where funding will expand its existing dry fertilizer facility with additional storage and processing capacity. "When we invest in domestic supply chains, we drive down input costs and increase options for farmers," USDA secretary Tom Vilsack said. Through the FPEP, the USDA has invested $517mn in 76 fertilizer production facilities across 34 states and Puerto Rico. President Joe Biden's administration committed up to $900mn in the program through the Commodity Credit Corporation, which is expected to support long-term investments by strengthening supply chains. Higher US fertilizer prices throughout this year deterred fall demand as lower crop prices forced farmers to sell more of a crop to afford nutrients. The last USDA FPEP funding announcement was in August , when $35mn was granted to boost seven domestic production projects. By Taylor Zavala Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

Strikes at Australian commodity ports to continue


24/12/19
24/12/19

Strikes at Australian commodity ports to continue

Sydney, 19 December (Argus) — Workers at major commodity ports across Australia will strike next week, in response to stalling negotiations with port operators. Queensland In northern Queensland, unions representing almost 200 workers have notified the Gladstone Ports (GPC) that they plan to launch work stoppages at the LNG and coal hub next week, a source told Argus. The strike actions follow an earlier day-long work stoppage involving over 100 workers at the port that began earlier this week. The dispute between GPC and its workers is centred around wage and rostering proposals. GPC and unions representing its workers have not scheduled any further bargaining meetings, multiple sources have told Argus . Gladstone's ship queue has exceeded 30 ships multiple times since work stoppages began on 17 December. This compared with a queue of 48 ships in December 2023, after Cyclone Jasper forced three other north Queensland ports to turn vessels away for four days. To the south of Gladstone, 100 workers at the Qube-operated Port of Brisbane will also stop working between 23-27 December, according to maritime logistics firm GAC. The stoppage announcement follows a day-long strike at multiple Qube ports , which began on 16 December. Before the strike began, a Qube representative warned that strikes at its ports would "inevitably [cause] disruption to supply chains for key commodities like fertiliser, grain, and steel." The Port of Brisbane is a major oil and meat port. New South Wales Along Australia's eastern coast, workers at Qube's major coal, grain, and fertiliser port in Port Kembla are planning to strike for a longer period of time than their colleagues in other parts of the country. GAC has reported that workers will launch 13 rolling work stoppages at the port between 20 December and 3 January. There are 141 members of the Construction, Forestry and Maritime Employees Union (CFMEU) participated in a strike authorisation vote at the site in early September, and have been engaged in industrial actions since then. Port Kembla also faced a day-long work stoppage earlier this week. Northern Territory Union members in Darwin are planning to not work for 1½ day beginning on 23 December. Like the Port of Brisbane, Darwin tends to handle livestock and oil products. But only 37 workers were eligible to participate in a successful mid-September union ballot authorising work stoppages at the port. By Avinash Govind Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

US Army Corps proposes new Illinois River lock


24/12/18
24/12/18

US Army Corps proposes new Illinois River lock

Houston, 18 December (Argus) — The US Army Corps of Engineers (Corps) has proposed a new lock to replace the LaGrange Lock and Dam (L&D) near Beardstown, Illinois, as part of the Navigation and Ecosystem Sustainability Program (NESP). The project would be the first new lock for NESP, a program that invests in infrastructure along the Mississippi and Illinois rivers. The new 1,200ft proposed LaGrange Lock would allow for passage of more barges in a single lockage, instead of having to split the tow in two with the current 600ft LaGrange Lock. At the moment, most tows trying to pass through the LaGrange lock experience multiple hour delays. The new LaGrange lock would have an estimated cost of $20mn, with a construction timeline of five years. The project area would be located on the west bank of the Illinois River near the 85-year old LaGrange L&D, encompassing 425 acres. Real estate acquisition, design plans and contractors are already in place, said the Corps. The current LaGrange lock would remain in operation and become an auxiliary chamber. The Corps opened the upcoming project to public comments on 11 December and will close on 3 January. NESP has four other projects along the Mississippi River. Another full lock construction project is anticipated for Lock and Dam 25. By Meghan Yoyotte Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

Alabama lock expected to reopen late April


24/12/18
24/12/18

Alabama lock expected to reopen late April

Houston, 18 December (Argus) — The main chamber of the Wilson Lock in Alabama along the Tennessee River is tentatively scheduled to reopen in four months, according to the US Army Corps of Engineers (Corps). The Corps expects to finish phase two of dewatering repairs on the lock on 20 April, after which navigation can resume through the main chamber of the lock. The timeline for reopening may shift depending on final assessments, the Corps said. Delays at the lock average around 12 days through the auxiliary chamber, according to the Lock Status Report by the Corps. Delays at the lock should wane during year-end holidays but pick up as spring approaches, barge carriers said. The main chamber of the Wilson Lock will have been closed for nearly seven months by the April reopening after closing on 25 September . By Meghan Yoyotte Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

Generic Hero Banner

Business intelligence reports

Get concise, trustworthy and unbiased analysis of the latest trends and developments in oil and energy markets. These reports are specially created for decision makers who don’t have time to track markets day-by-day, minute-by-minute.

Learn more