All articles by prameela vegi
prameela vegi
Brazil’s hide exports fell 18 percent in 2022
Brazil’s December exports of hides and skins totaled US$83.2 million. The result is 3.2% higher than in November but still 31.5 percent lower than December 2021. For all of 2022, exports dropped 13.8% in value and 18.3% in volume compared to 2021.
WASDE revises China’s beef, pork imports upward
China’s import forecasts for beef and pork in 2023 have been revised upward and are now forecast higher year-on-year. However, chicken meat imports are forecast marginally lower.
US Beef exports hit record values in November
Even though November beef exports were lower than last year, 2022 beef export value already set a record of nearly $11 billion for the full year. The news comes from USDA data USDA compiled by the U.S. Meat Export Federation (USMEF).
Brazilian partners set up new company to reverse deforestation
Three major Brazilian commodity companies and three banks created a forestry company that aims to create in 20 years an expanse of protected areas equal in size to the state of Rio de Janeiro, reported Reuters.
US beef exports slowed slightly in September
U.S. pork exports are continuing year-over-year increases, but the country’s beef exports slowed in September. In fact, US beef exports failed to exceed last year’s level for the first time in 2022. Data from the USDA was analyzed by the U.S. Meat Export Federation (USMEF). It showed that despite the recent slowdown, beef exports still logged record levels in the first nine months of 2022.
Xingye net profit for first three quarters down by 25.71%
Xingye Technology’s financial report for the first three quarters of 2022 shows that operating income is up but net profit is down.
2021 Brazilian cattle herd breaks record
For three years running, the Brazilian cattle herd has been increasing, hitting 224.6 million head in 2021. In fact, it broke the 2016 record of 218.2 million head.
New Antiba tannery focuses on automation
Tuscany’s Antiba tannery moved its headquarters from Santa Croce sull’Arno to Ponte a Egola, investing almost €15 million in a new 15,000-square-meter factory equipped with interconnected machinery.
India: Tamil Nadu launches footwear, leather goods policy
India’s Tamil Nadu state has presented its Tamil Nadu Footwear and Leather Products Policy 2022 that aims to attract over $2.5 billion (₹20,000 crore) by 2025. The government also signed five memoranda of understanding (MOUs) representing more than $283 million in investment.
Xingye expects to double output of Hongxing automobile leather
Xingye Technology reported in its investor relations activity record that the company is committed to becoming a one-stop leather material supplier. In the past few years, it has made some reforms with market changes, and it achieved certain results in 2021, according to the Securities Times.