Post lowered its 2021/22 forecast for soybean planted area further, to 39.8 million hectares (ha) and soybean production to 134.5 million metric tons (MMT). From the last estimates, weather conditions have continued to worsen in key producing regions. Principally, the drought in the south of the country has dampened prospects for a record crop. Post consequently also lowered the 2021/22 soybean export forecast to 86.8 MMT. Based on strong yields in the current 2020/21 season, Post revised up its soybean export to 88.9 MMT, a new record. For the 2021/22 MY, Post adjusted up the soybean processing forecast to 46.6 MMT. Post maintained the 2020/21 crush estimate at 46.5 MMT of soybeans. The crush forecast and estimate is driven by domestic soy oil demand, which will likely decline when the biofuel mandate is reduced to 10 percent in 2022. With high prices motivating exports, Brazilian soy stocks will hover at less than five percent of the domestic supply.
To compete with live pig supplies from China, Hong Kong local farms are looking for quality breeding stock. The United States is one of their few preferred sources. In 2021, U.S. sales of live breeding pigs to this market grew eleven-fold to $494,000, the highest value since 2014. Hong Kong also became the sixth largest export destination for U.S. live breeding pigs. In addition, a few small farms in Hong Kong do breeding utilizing frozen genetics. Currently, there is also interest in sourcing genetics for large black pigs with lean meat.
On February 9, 2022, the AGROUnia farmers association and its members protested in 50 cities across Poland and called for government action to support farmers. AGROUnia may organize additional protests in Warsaw if their demands are not met.
The Singapore Food Agency (SFA) is seeking comments on the draft Food (Amendment No. X) Regulations 2022, concerning provisions for the use of pathogen reduction treatments (PRTs) on raw meat. The proposed regulation would increase the number of approved PRTs to 21, including the most-used PRTs in U.S. meat and poultry production. Comments will be accepted until April 9, 2022.
Increased production costs, mainly in feed, electricity, and labor, and lower live cattle as well as pork and chicken meat exports are keeping Spanish animal production at current levels, ending the expansion experienced in the last years. Additionally, due to the COVID-19 pandemic, the sector is committed to progress in the One Health concept, with environmental, animal, and human health institutions working together.
For more information, or for an archive of all FAS GAIN reports, please visit gain.fas.usda.gov/.
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