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Portuguese cattle and swine sectors are currently restructuring to increase their domestic beef and pork production to meet domestic and export market demands. The meat sector is also working to open new strategic export markets, especially in the pork market.

Australia is set for a second consecutive record grain crop following two years of drought. For the winter crops, wheat production is estimated to have reached another record in marketing year (MY) 2021/22 and barley production is expected to be the third largest in history, just slightly behind the previous year.