Food Markets

Government ministers and officials were briefed on AgraKepak’s success and the development of marketing Irish pork and beef products into Chinese market, at the Bord Bia reception at the 2018 China International Import Expo (CIIE) recently. At the reception, Jiang Bian and Xiaoming He of AgraKepak presented to Heather Humphreys, Minister for Business, Enterprise & […]

Whilst not exhibiting the stratospheric increases in China, other key Asian markets provided strong demand and increases for imports. Japan recovered from a dip in demand in 2015 and South Korea continued its steady growth in importance. From what we see demand in these two markets is slightly down at the start of 2017. Hong […]

As we all know, Chinese pork imports went through the roof in 2016. New regulations in China were a key driver as backyard family holdings begin to give way to large-scale farms. The improved efficiencies gained in this process over the next few years will be a big risk to imported product. In the meantime, […]

Total allowable catch (TAC) in the North Atlantic would increase to 1,054,000T in 2017 In a meeting in Cork, Ireland last week it was agreed that the total allowable catch (TAC) in the North Atlantic would increase to 1,054,000t in 2017. EU vessels will be allowed to catch 503,245 tons (up from 441,586t in 2016). […]

ICES had recommended a near 10% cut. As discussed in an earlier newsletter the ICES had recommended a near 10% cut in the Barents Sea cod quota for 2017. This would have meant a reduction to 805,000 tons. However a recent report from scientists concluded hat the Barents Sea could actually handle an increase in […]

According to the latest estimate from the US Department of Agriculture’s global outlook report the USA and Brazil will officially remain the largest importer & exporter of beef respectively in 2017. China is quickly catching up on the U.S. due to Brazilian approvals, and in fact passes it by if you include Hong Kong grey […]

The graph shows China’s pork import volumes more than doubling in 2016 before falling back slightly in 2017 due to higher expected domestic production. China has overtaken Japan as the largest importer, whilst of course it was already the largest producer. Other news from the report is that the USDA are also predicting a 3% […]

As reported in previous newsletters Spanish pig population & export growth has been accelerating at a rapid pace since last year. Spain is getting very close to Germany now in terms of pig numbers. Mexico has also now opened as an export market for Spain which is a boost to potential export volumes. We expect […]

On a trip to Korea last week AgraKepak’s Korean sales manager Andrew Agnew noted that the market for Samgyeopsal bellies was very hot. Samgyeopsal is a popular Korean meal consisting of thick, fat slices of pork belly meat, usually marinated, and cooked on a grill at the table by the customer themselves (see picture). Normal […]

Two members of our Chinese pork sales team from our Shanghai office, Shane O’ Flynn and Tao Shen, visited Suzhou pork market last week. Suzhou is located 100km west of Shanghai and is one of the largest markets for frozen imported pork in China. As well as domestic pork there was product on show from […]