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Morning round-up, Wednesday July 24


* According to a Reuters survey, Indonesian palm oil output in June dropped to 4.54m tonnes from 4.6m tonnes in May.


The news agency also found that palm oil exports for the month reached 2.80m tonnes, unchanged from the amount shipped in May.



* China’s Ministry of Agriculture and Rural Affairs said that it would work towards stabilising the country’s pork market and ensuring supplies.


The ministry’s announcement comes as African swine fever continues its spread around the country.


China has reported almost 150 cases of the disease since it was first discovered in August last year.


Customs data this week showed that the Asian nation’s pork imports were up 62.8% compared to a year earlier.



* According to the UK’s National Pig Association (NPA), the country’s pork exports reached a new record in May.


The association said that fresh and frozen pork shipments were up 31% on a year earlier, reaching 21,200 tonnes in the month.


This is the highest figure for May based on records going back to 1997.


The NPA said that the jump in exports was mainly due to increased demand from China.


It expects this demand to continue increasing well into the second half of the year.



* Thailand’s Rice Exporters Association on Wednesday lowered its target for the country’s rice exports for the year to 9m tonnes from 9.5m tonnes.


The new estimate is about 20% less than the 11.23m tonnes of rice Thailand exported last year.


The association added that the country’s rice exports from January to June dropped 19.6% this year compared to 2018.


It blames the drop in exports on the Thai baht being at its strongest level in six years.



* Brazil’s agriculture ministry said on Tuesday that 24 dairy plants in the country have received export authorisation from China.


According to Minister Tereza Cristina Dias, this will open the door for Brazilian dairy producers to ship around $4.5m in products to China.



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