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Since September 8, 2022, the People’s Republic of China (PRC) National Development Reform Commission (NDRC) has auctioned 127,100 metric tons (MT) of frozen pork reserves as an attempt to curb rising prices. However, despite numerous auctions and other PRC market guidance, domestic prices continue to rise.

Post forecasts an increase in cattle production by 2.8 percent in 2022 and one percent in 2023, driven by global demand, elevated beef prices, and a general trend of expansion in the sector. Nevertheless, increasing production costs, especially feed prices, inflation, and unstable weather are expected to pose challenges to cattle ranchers.

On September 26, 2022, the Ministry of Health and Family Welfare/Food Safety and Standards Authority of India (FSSAI) issued a clarification notice to its earlier notification F. No. 1829/Health Certificate/FSSAI/Imports (2021). The FSSAI clarification notice is in response to World Trade Organization (WTO) members having commented on the FSSAI Order of August 8, 2022, referencing the earlier FSSAI Notification No. 1829/Health Certificate/FSSAI/Imports (2021), that specify the requirements for health certificates and their format for milk and milk products, pork and pork products, and fish and fish products.

This semi-annual report includes data on U.S. and global trade, production, consumption and stocks, as well as analysis of developments affecting world trade...

This semi-annual report includes data on U.S. and global trade, production, consumption and stocks, as well as analysis of developments affecting world trade...

This semi-annual report includes data on U.S. and global trade, production, consumption and stocks, as well as analysis of developments affecting world trade...