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Market News
Developing countries to play key role in future meat demand
Mar 21, 2014
Increases in the global demand for meat over the next decade is expected to be driven by improved economic growth in developing countries.
This is according to analysts at the Livestock and Meat Commission (LMC) who also note demand in developed countries expected to remain steady according to the latest annual projections from US Department of Agriculture (USDA).
According to the LMC, the US data shows that global meat consumption is forecast to grow at 1.9 per cent per annum during 2014-2023 with demand from the developing world driven by rising incomes and growing populations.
The LMC also highlighted with increased demand for meat from these regions the USDA has forecast a 22 per cent increase in world meat trade due to improved standards of living and higher levels of disposable income.
Interestingly it added beef production in Asian countries is forecast to grow over the next decade, particularly in India. Demand from developing countries for India’s lower priced and lower quality buffalo origin beef is projected to continue rising rapidly with India’s increasing exports expected to account for 36 per cent of the forecast increases in world beef exports over the next 10 years.
The LMC also highlighted that the USDA has predicted increases in livestock production and per capita red meat consumption in the US over the next decade as the agricultural industry recovers from high feed costs and problems with drought.
It said beef production is projected to decline until 2016 as producers retain heifers to help build up herds and to increase gradually thereafter. Beef cow numbers in the US are expected to increase from 29 million in 2013 to 33 million in 2023. This 14 per cent increase in beef cow numbers and projected increases in slaughter weights will further add to total beef production.
The LMC cited that Australia has generally been the world’s second largest beef exporter behind Brazil but with Australia’s beef herd currently rebuilding after declines due to prolonged periods of drought has meant Australian beef exports are forecast to stagnate over the next decade.
It said the USDA forecasts this stagnation in exports will result in exports from India and the US to overtake Australia and make it the fourth largest global beef exporter.
Canada is another key player in the global meat market according to LMC, but its cow herd has contracted in recent years. With stronger returns producers are expected to rebuild herds and as a result beef exports are projected to rise steadily but not to exceed the levels recorded in the previous decade.
Source:
agriland.ie
Meat processing unit that can ensure consistent supply launched in Nagaland
Oct 13, 2011
T J Foods, a processed meat company, has launched its meat processing unit in the Dimapur area of Nagaland on Tuesday. The background for the launch is the fact that demand for processed meat products is increasingly gaining ground in Nagaland and food manufacturers of the state are experimenting with this relatively new concept of meat consumption. “It took two years of research to introduce T J Foods, a meat processing unit, in the market and we are still studying the market to know the response,” T F Jemima Achumi, proprietor, T J Foods, informed FnB News, in a chat over telephone. Achumi claims that hers was the first-of-its kind meat processing unit in the state as there was no other unit based on a similar concept.
Source:
www.fnbnews.com
With FSSA implementation soon, NAFARI to organise processing meet at Pune
Jul 26, 2011
NAFARI (National Agricultural and Food Analysis and Research Institute), a Pune-based not-for-profit organisation, is planning to hold Food Processing Conclave - 2011, an all-inclusive food processing event, at Mitcon Institute of Management, Balewadi, Pune, on Thursday and Friday. The conclave will consist of sessions such as Exports and Quality Orientation; Technology Trends & Resources; Banking and Finance Schemes; Mechanisation, Automation & Packaging; Global Interaction on Techno-Commercial Applications & Partnerships; Strategic Local Exports from India; and Training & Education for Industry-Ready Skilled Resources.
Source:
www.fnbnews.com
USDA proposes new rules for testing meat
Apr 18, 2011
The USDA wants new rules for when this little pig—and chicken and cow—can go to market. They would require that when the agency tests meat, processors hold onto the products until results come back clean. But you need to stay vigilant, since a lot of meat still goes untested and some potentially dangerous pathogens—including campylobacter and salmonella—are allowed in raw poultry. The USDA currently conducts only about 12,000 tests a year on meat, looking for bacteria and other contaminants. And even when the agency does test, it allows meat processors to bring products to market before the test results are in. While many processors—especially large-scale ones—voluntarily hold onto their products until test results come back negative, some don’t. That allows some contaminated meat and poultry products into the marketplace, only to be recalled later when test results come back positive.
Source:
news.consumerreports.org
Cheap dollar makes US a formidable competitor in beef and chicken production
Mar 29, 2011
Emerging countries such as Brazil found a significant space to expand meat exports during the last decade but a heavy weight competitor, United States will be gaining international competitiveness in the sector in coming years because of the steep depreciation of the US Dollar against other currencies.
Source:
en.mercopress.com
Pak can become world leader in $1.3tr Halal Food Market: Thai Ambassador
Mar 11, 2011
Ambassador of Thailand to Pakistan Marut Jitpatima on Thursday said Pakistan can become world leader in USD 1.3 trillion Global Halal Food Market. He said that the countries importing meat from Pakistan are very satisfied with the price and quality. However, there is always room for improvement which will help propel Pakistan’s economy, he stressed.
Source:
www.onlinenews.com.pk
Namibia: Govt Bans SA Animal Imports
Mar 04, 2011
Namibia has banned the import of all cloven hoofed animals from South Africa, while withdrawing all permits already issued.The ban extends to the importation of wild animals. All imports of meat and meat products, dairy products, hides, skins and trophies from cloven-hoofed animals (including game) from South Africa (irrespective of the Province of origin) are further banned and all permits already issued are withdrawn.
Source:
allafrica.com
East meets Middle East with Japanese halal beef
Mar 03, 2011
It's not the first place you think of for halal meat. But meat processing plants in Japan have begun catering to a growing interest in the Middle East by providing halal-certified meat.
Source:
www.independent.co.uk
R-Calf attacks free-trade agreements in new report
Mar 03, 2011
R-CALF USA has just released its 2011 report titled “U.S. Trade Balance in the Trade of Live Cattle, Beef, Beef Variety Meats, and Processed Beef: Decades of Neglect,” and the picture it paints is that the promises made by free trade idealists have not materialized for cattle producers, and the U.S. continues to accumulate huge trade deficits in beef and cattle under the North American Free Trade Agreement (NAFTA), the Central American Free Trade Agreement (CAFTA), as well as the U.S.-Australia Free Trade Agreement.
Source:
www.cattlenetwork.com
No red or processed meat link to prostate cancer: Meta-analysis
Nov 12, 2010
Dietary intake of red meat or processed meat has no positive association with the occurrence of prostate cancer, according to a new meta-analysis of 26 studies. The review, published in Nutrition Journal, looked at data from 15 large scale prospective studies on red meat and 11 studies investigating processed meats and cancer risk – finding that consumption of red or processed meats overall have no association with prostate cancer. “The results of this meta-analysis are not supportive of an independent positive association between red or processed meat intake and prostate cancer,” stated the researchers, led by Dr Dominik Alexander of Exponent Health Sciences Practice.
Source:
www.foodnavigator.com
New Zealand lamb exports predicted to fall
Nov 12, 2010
New Zealand lamb exports are likely to be 10-15% down on quota this year, the chairman of Beef + Lamb New Zealand has announced. Mike Petersen said the shortfall was down to climatic conditions, which he described as a “killer”, but said it was likely to be a long-term trend. “There will be an underfill of 10-15%, but we’re expecting it to be a one-off blip, and we will see a recovery for next year. In the past 10 years, we’ve only had one shortfall in 2004, and that was 94% of our 228,000t quota.
Source:
www.meatinfo.co.uk
Meat industry must cut costs, says expert study
Sep 09, 2010
Northern Ireland's £1.5bn meat industry must work on cutting costs and boosting export opportunities over the next 10 years, according to a study. The 117-page study by GIRA -a French consultancy firm specializing in the global meat industry - was commissioned by Invest NI and the Livestock and Meat Commission. The study also considered threats facing the industry, which employs 9,000 people in Northern Ireland, such as rising feed costs, and the effects of consumer trends. Ian Murphy, Invest NI's managing director of clients and entrepreneurship, said: "This is one of the most significant documents that we have produced because meat processing is vitally important here in terms of the scale of its contribution to the local economy, especially rural communities, in areas such as exports, new product development and, of course, employment. "Currently the industry contributes around 50% of the £3bn earned by food processing here. "Ensuring its long-term growth, therefore, is immensely important to Invest NI and, of course, to the wider community. "What this study does clearly and concisely is highlight the opportunities, particularly in Europe, and the challenges our companies will face increasingly from global competitors from South America, China and the US.
Source:
www.belfasttelegraph.co.uk
35,000 tons of meat imported in Kyrgyzstan for first seven months of 2010
Sep 09, 2010
35,000 tones of meat was imported in Kyrgyzstan for first seven month of this year, leading specialist of export and import of the Department of Veterinary Medicine under the Ministry of Agriculture of KR Kochorkul Kudakeev reported. According to him, annual meat import quotas reaches 50,000 tons. The lion's share of meat import, 90 per cent, is coming from the United States, Argentina and Brazil; the rest 10 percents are imported from China.
Source:
http://eng.24.kg
China - Meat market expanding
Sep 08, 2010
The food processing industry is counted among the fastest growing industries in China. The industry has been growing at a double-digit rate on account of rapid economic growth and rising disposable income that has created strong demand for high quality processed food. Changing food consumption pattern and growing appetite for variety of new taste make this industry lucrative for new as well as existing players, says Chinese Processed Food Market Analysis, a new market research report from RNCOS. According to the report, there was hardly any impact of financial crisis on the Chinese processed food market. Demand for processed food remained on its previous positive growth path even in tough economic conditions. We believe that the processed food industry in China will grow at a CAGR of around 33 per cent between 2010 and 2013.
Source:
www.meattradenewsdaily.co.uk
Now meat price surge raises fear of food inflation
Sep 03, 2010
Freakish weather conditions and soaring demand from China, Brazil and other fast-emerging economies have pushed meat prices around the world to a 20-year high. International food prices have risen to their highest in two years, shooting up five per cent between July and August. Wheat is up by more than 50 per cent since May. Meat prices are at their highest since 1990 on the United Nations Food and Agriculture Organization’s index, up 16 per cent on last year and almost a third higher than at the beginning of last year. Lamb is at a 37-year high, beef is the most expensive in two years and pork stands at record levels. The immediate cause is the rapid inflation in the cost of livestock feed, caused by the spike in the cost of wheat because of the Russian drought. Fertilizer prices have also risen dramatically. Although this will push inflation in the UK and other advanced economies a little higher next year, the most dramatic effects will be felt in poorer nations where food takes a much larger share of household budgets. In Mozambique yesterday, protesters burned tires on the streets of the capital Maputo and there were reports of another fatality, a day after at least four people were killed in clashes between police and rioters. Mozambique produces only 30 percent of the wheat it needs and imports the rest. Mozambique is unlikely to be the last country to see unrest because of the price of food; similarly high prices in 2008 sparked riots from Mexico to Indonesia, before the global slump pushed commodity prices back down. In Russia, one-quarter of arable land was destroyed this summer (10 million hectares, or 25m acres) in the country's worst drought on record An export ban has exacerbated the problem for other nations.
Source:
www.independent.co.uk
China - Meat market expanding
Sep 03, 2010
The food processing industry is counted among the fastest growing industries in China. The industry has been growing at a double-digit rate on account of rapid economic growth and rising disposable income that has created strong demand for high quality processed food. Changing food consumption pattern and growing appetite for variety of new taste make this industry lucrative for new as well as existing players, says Chinese Processed Food Market Analysis, a new market research report from RNCOS. According to the report, there was hardly any impact of financial crisis on the Chinese processed food market. Demand for processed food remained on its previous positive growth path even in tough economic conditions. We believe that the processed food industry in China will grow at a CAGR of around 33 per cent between 2010 and 2013.
Source:
www.meattradenewsdaily.co.uk
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